What Tech Company will upstage Amazon?

Times of India reports that it's official: Amazon is bigger than Wal-Mart.  Amazon shares surged almost 10% on Friday after the e-commerce powerhouse reported a surprise second-quarter profit and a better-than-expected 20% jump in revenue.  The sharp increase in shares brought Amazon's market value to $247.77 billion, more than its biggest rival, Wal-Mart Stores Inc, signaling a sea change in retailing. Amazon, which just turned 20, is now valued higher than the world's largest retailer.

Bentonville, Arkansas-based Wal-Mart Stores is valued at about $230.53 billion. The company, with 11,767 stores worldwide, still has much higher sales, $485.65 billion in the year ended January 31, compared with Amazon's $89 billion in annual revenue last year.  But investors applauded Amazon's ability to keep costs in check while growing its revenue. Amazon credited the profit to continued strength of its cloud-computing business and strong revenue growth both domestically and abroad. That came as it held costs for marketing and package delivery in check.

A company's market value is calculated by multiplying the number of shares of stock it has in circulation by the current price of one share.  It was the second usurper in two months to Wal-Mart's value. Last month Facebook became more highly valued than the world's largest retailer, knocking it out of the top 10 list of the highest-valued companies in the Standard & Poor's 500 index.
 
This shows the change in consumer habits from going to your local supermarket to buying online. Some years ago the talk was of Microsoft upstaging IBM. Now firms like Amazon upstage Wal-Mart. What technology will upstage Amazon next?
 

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