Companies

Elon Musk Teases Jeff Bezos as Amazon Joins $2 Trillion Club

Published June 28, 2024

In a world where tech giants continue to push the boundaries of market valuations, Amazon.com, Inc. AMZN has successfully entered the elite $2 trillion market cap club. This remarkable milestone prompted none other than Tesla, Inc. and SpaceX CEO, Elon Musk, to weigh in with a light-hearted jab at Amazon's founder, Jeff Bezos. Musk invoked an old video featuring a notably fit Bezos, which earned the Amazon founder the moniker 'buff Bezos'.

Amazon's Rise to a $2 Trillion Valuation

Since its inception on July 5, 1994, Amazon has grown to become a titan of technology, focusing on a robust suite of services that includes e-commerce, cloud computing, digital streaming, and artificial intelligence. Positioned among the Big Five in the U.S. information technology sector, alongside heavyweights like Google, Apple, Microsoft, and Facebook, Amazon has shaped both the economy and cultural landscape, becoming the world's most valuable brand. On the historic day that Amazon's market cap surpassed $2.014 trillion, the milestone was celebrated by many in the financial and tech communities alike.

Elon Musk’s Response to the Milestone

Elon Musk, the visionary behind electric vehicle behemoth Tesla, Inc. TSLA and aerospace manufacturer SpaceX, has a well-documented history of friendly rivalry with Jeff Bezos. Tesla, known for its leading role in the electric car industry, battery energy storage, solar panels, and a variety of other clean energy products and services, has its own impressive market presence. Musk's social media commentary on Bezos, following Amazon's valuation news, carried his typical satirical style, adding to the ongoing banter between the two entrepreneurs.

Shutterstock's Place in the Market

Not to be overlooked in the discussion of influential tech entities is Shutterstock, Inc. SSTK, a company that provides innovative content, tools, and services across the globe, with its headquarters established in New York, New York. Shutterstock supports the creative and media industries by offering a vast library of high-quality assets and much-needed resources to complement the works of designers, marketers, and businesses worldwide.

Amazon, Tesla, Musk, Bezos, Shutterstock, MarketCap, Tech, ECommerce, AI, CloudComputing, DigitalStreaming, ElectricVehicles, CleanEnergy, SolarEnergy, Investment, Market