Amazon hits $1 trillion, on pace to overtake Apple

Some fear the internet giant is becoming too dominant

SAN FRANCISCO - Amazon on Tuesday briefly joined Apple to become the second $1 trillion publicly listed US company after its stock price more than doubled in a year as it grew rapidly in retail and cloud computing.

Early gains lifted Amazon's value to $1 trillion only briefly, with the final close at $2,039.51, giving it a value of $995 billion.