Amazon becomes second $1 trillion company in US
New York, Sep 4 : Amazon on Tuesday became the second US public company after Apple to hit the $1 trillion valuation mark.
Last month, Apple became the first US company to become a $1 trillion company.
According to a report in CBS News, Amazon shares hit $2,050.49 -- climbing 1.5 per cent in the morning trade -- bringing the company's market value above $1 trillion.
Amazon Founder Jeff Bezos is already the richest person on Earth, with a net worth surpassing $150 billion.
He owns over 16 per cent of Amazon which he founded in a garage in Seattle in 1994.
Apple became the first $1 trillion company last month. The Cupertino-based iPhone-maker is currently worth about $1.1 trillion.
Google's parent company Alphabet Inc and Microsoft are fast approaching the $900 billion mark, reports said.
Facebook -- which crossed $500 billion in 2017 -- is not growing much owing to a massive data privacy scandal amid falling user base.
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In biggest haul, drugs worth Rs 51 cr seized in Meghalaya, 2 held
Shillong (PTI): The Meghalaya Police seized drugs worth over Rs 51 crore, the biggest haul of narcotics in the state so far, in East Jaintia Hills district and arrested two Mizoram-based persons in this connection, a senior officer said on Saturday.
The seizure was made during a coordinated naka-checking conducted by the police and Anti-Narcotics Task Force (ANTF) personnel in the Ratacherra area on Friday, he said.
During the operation, a vehicle with three persons, including the driver, on board was intercepted and searched in accordance with due legal procedures.
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Upon checking, 19 plastic soap cases, containing suspected heroin weighing 203.7 grams, were recovered from the possession of one of the three persons, the officer said.
The search of the vehicle led to the recovery of a blue-coloured trolley bag belonging to another occupant of the vehicle.
Suspected crystal meth (methamphetamine) tablets weighing 10.145 kilograms were found in the bag, the police officer said.
'Meth' tablets are banned in India.
Two of the three occupants of the vehicle were arrested, and a preliminary investigation suggested that they are part of an interstate and cross-border drug trafficking syndicate, the officer said.
"The total value of the seized contraband is estimated to be around Rs 51.13 crore", ANTF chief Vikash Kumar told PTI.
The arrested persons hail from Mizoram, he said.
A case has been registered at the ANTF police station, and an investigation is underway to establish the forward and backward linkages related to the seizure, the officer added.
