Earlier today Amazon joined a very elite club—the group of companies whose stock costs $1,000 or more per share. On Tuesday, shares in the retail giant/tech company/grocery store hit $1,001.20 in New York, according to Bloomberg, up about 40% from a year ago. While the price has now fallen, it’s still more expensive than most things you can buy on Amazon. The news comes as the innovative company (if we do say so ourselves) continues its push into brick-and-mortar bookstores, pharmacies, Alexa, film and television content, and more.
Amazon’s feat is impressive, but its share price has a long way to go to best Warren Buffett’s Berkshire Hathaway, which holds the title for highest-priced stock at $247,204.98 as of Tuesday morning. Now the only question that remains is would you rather buy one share in Amazon or 158 books for your Kindle?
[Photo: Flickr user Mike Seyfang]