AMAZON DETHRONES WALMART AS WORLD'S BIGGEST COMPANY BY SALES

Summary from the TLDR newsletter

Amazon is now the biggest global company by revenue. Walmart was previously the leader for more than a decade. Jeff Bezos had carefully studied Walmart's founder, Sam Walton, and embedded many of his business strategies while building Amazon. Amazon's revenue increased at almost 10 times the pace of Walmart's over the past decade. Amazon is the biggest online retailer, attracting 2.7 billion visits to its websites and mobile apps each month, while Walmart is the biggest physical retailer in the world, with more than 10,000 stores and shopping clubs globally.