Prime Day sale inspires online shopping spree as Amazon exceeded $900bn valuation

E-commerce giant Amazon crossed $0900bn market cap for the first time in its history on Wednesday, becoming only the second company after Apple to achieve this great milestone after its shares rose as much as 0.8 per cent to a record $, 1, 858.88, closing in on Apple in the race to be the first company valued at $1tn.

The news comes after Amazon announced it sold over $100 million products during its Prime Day sale.

The Prime membership passed 100m people worldwide and Amazon said that despite website outages in North America and strikes among its staff in Europe, this year’s 36-hour sale was its biggest global shopping event yet, surpassing last year’s Prime Day as well as Black Friday and Cyber Monday.

Apple is currently the World’s most valuable company with a market cap of 4935bn.