Amazon hits $2trn market cap! For the first time ever :)

MARKET CAP OF BSE-LISTED COMPANIES HITS $5 TRILLION FIRST TIME EVER;CLIMB OF OVER $633 BILLION SINCE THE START OF THE YEAR.

- Amazon’s Prime Day event saw record sales of $14.2 billion, an 11% increase from last year, according to Adobe Analytics. - Day one sales reached $7.2 billion, up 11.2% from the previous year, while day two sales increased by 10.4% to $7 billion. - Amazon acknowledged the record-breaking sales, crediting Prime members, employees, delivery partners, and sellers for the event's success. - Mobile shopping surged by 18%, making up 49.3% of total sales, with Amazon's Rufus AI assistant aiding millions of customers. - Electronics, furniture, and back-to-school items drove significant sales, with BNPL orders contributing $1.08 billion, or 7.6% of total sales. Source: Techcrunch

https://x.com/FT/status/1828816602755637457?t=mqtYYfasyjFN8JIHkyzLUw&s=19 Warren Buffett's Berkshire Hathaway has become the eighth US company — and first group outside the technology sector — to reach a valuation of $1tn.

So Zepto was the first, InCred becomes the second one. 2 unicorns this entire year 🙀

- Deepinder Goyal has become a billionaire following a record rally in Zomato shares, which have surged over 300% since July 2023. - Zomato's stock hit a new high of Rs230 on the BSE, boosting its market cap past Rs1.8 trillion and making Goyal India's richest professional manager with a net worth of Rs8,300 crore. - The surge in stock is driven by expectations that Zomato's quick commerce business, Blinkit, will outperform peers and turn profitable sooner than anticipated. - Analysts expect Blinkit to surpass Zomato's food delivery business in gross order value (GOV) and strengthen its market position, despite a longer path to sustainable EBITDA margins. - Goldman Sachs values Blinkit at $13 billion, higher than Zomato's core food delivery business, predicting significant growth in GOV and EBITDA by FY29. Source: Money Control

1. Migrating PhonePe to India 1B $ in useless tax 2. Like that stupid separation of PhonePe from Flipkart ~0.7B $ 3. Now this 3.5B$ just to increase its stake when it was already a majority owner! What's going on?