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07/27/2015 04:12 PM ID: 100891 Permalink   

Amazon Now Most Valuable Retailer in the World, Surpasses Walmart


About a week after celebrating "Prime Day", shares of Amazon soared 17 percent, which made it the most valuable retail company worldwide.

Amazon is now valued at approximately $270 billion while its competitor Walmart had closed with a valuation of $230 billion.

The online retailer founded by Jeff Bezo is also the 11th largest company in the S&P 500 index.

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