Jeff Bezos Once Said ‘Overnight Success’ Takes 10 Years. It Took Amazon 25 Years To Surpass Walmart’s Revenue – Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), Amazon.com (NASDAQ:AMZN)
E-commerce player Amazon.com Inc.’s AMZN quarterly revenue surpassed retail giant Walmart Inc.’s WMT sales in the fourth quarter for the first time since 2000. Jeff Bezos said in 2018 that every overnight success takes at least 10 years, but this particular milestone took 25 years. What Happened: Both Amazon and Walmart reported strong fourth-quarter results,…