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Amazon's Eating the World and the Stock Market?
There's speculation on which company is going to reach a trillion dollars in market cap. We wanted to see how unprecedented is the size of these companies based on what we've seen in the past. In 1900, between 50 and 60 percent of the US stock market was rail companies. Also in 1900, standard oil had an inflation adjusted if we adjust for inflation to today. Had a valuation of one trillion dollars. Amazing.