In this episode, Scott Becker discusses Amazon’s historic rise as it surpasses Walmart to become the world’s top company in revenue, hitting $638 billion in 2024.
Chapter 1: What is the main topic of this episode?
this is scott becker with the becker private equity and business podcast today's discussion is there's a new champion in town and this is not about you know one of my golfing buddies none of them are champions tennis friends none are champions none of them are this is about amazon amazon is now the new and reigning champion
Chapter 2: How is Amazon surpassing Walmart in revenue?
It's going to be the leading company in the world in revenues at the end of 2024, as it likely overtakes Walmart, which it's been behind seemingly forever. Amazon's going to clock in at $638 billion in revenues, almost 2.5% of the U.S. economy. And that's a crazy, crazy, or 2%, something like that.
That's a crazy, crazy thing to think about, that a handful of companies make up a serious percentage of the total U.S. GDP. But in any event, Amazon came in. Record revenues, record profits. Now, it's down a few percent today, basically on the news that it's expecting, a sort of softer first quarter forecast. But nevertheless, $638 billion in revenues.
The new king, there's a new champion, a new king in town, and that's Amazon. Apple's the king in market cap. Amazon is now the king in total revenues. Thank you for listening to the Becker Private Equity and Business Podcast.