Jeff Bezos may run around Seattle, war paint daubed on his head, barking orders into his Fire Phone, urging employees to be nasty to each other.
The Amazon founder claims to be running a gentler company than his critics portray. But whatever he’s doing, investors like it a lot.
There was great fanfare in July when Amazon’s market capitalisation surpassed Walmart’s. There was none on Monday when its enterprise value, which discounts cash and includes debt, rose to $251bn, overtaking the supermarket chain to become — for real this time — the world’s most valuable retailer.
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