Report: Another digital giant overtakes Wal-Mart

Seattle – Last month Facebook overtook Wal-Mart in valuation, and now another digital giant has reportedly achieved the same feat. According to the Associated Press, after intense after-hours trading, which followed Amazon’s rare report of a second quarter fiscal 2015 profit, Amazon now has market capitalization of about $264 billion.



In contrast, Wal-Mart is worth about $233.5 billion. Amazon’s share price soared 15% to as high as $567 in after-hours trading on July 23. Facebook still beats both companies with market value of roughly $242.7 billion.