Amazon (AMZN) reigns over the e-commerce world, racing past Walmart as the most valued American retailer.
In the most recent quarter, it posted a profit of $92 million and Wall street went crazy leading to an 18% jump in its stock.
Customers are flocking to this online store and its recent marketing gimmick Prime Day sales might have led to a flurry of online critiques. But on that day, Amazon reported that sales soared 93%, showcasing the power of its brand.
