Amazon.com has officially surpassed Walmart as the largest company in the United States by annual revenue, ending Walmart's nearly two-decade reign, a status Walmart had proudly touted as a 'Fortune 1' company.
Walmart reported $713.2 billion in sales for the year through January 31, compared with Amazon’s $716.9 billion for its most recent full year. This narrow difference, years in the making, signifies a major shift in the corporate landscape.
The article highlights the rapid rise of Amazon, a 31-year-old company that began as an online bookseller, now surpassing 63-year-old Walmart. The content provides these crucial initial details about this significant corporate milestone and the historical context of Walmart's long-held title before encountering a paywall, which limits access to further analysis of Amazon's journey and the broader implications of this change.
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