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Episode details

World Service,09 Jan 2019,53 mins

Amazon is Now the World's Most Valuable Public Company

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Amazon, formed 25 years ago, has eclipsed Microsoft to become the world's most valuable listed company. The online giant was worth $797bn when the US stock market closed on Monday after rising 3.4% and moved past Microsoft, valued at $789bn. Cynthia Stine of E-Growth partners gives her perspective on the role of Amazon’s Marketplace in the company’s ascent. Then we hear how cannabis farmers in those US states where growing is legal are being squeezed back into the black market by over saturation. Also in the programme, the World Bank’s annual report on the state of the global economy is out. With a caption of “Darkening Skies” the report forecasts economic growth will slow down a little, though no fears of a recession just yet. Franziska Ohnsorge, the lead author of the report, explains some of the outlook. Vint Cerf, one of the pioneers of internet protocol development, joins the show to talk about the dramatic development in machine learning since those early days of the web. And finally, the BBC’s Jane Wakefield explores how businesses can accommodate those on the autistic spectrum. All through the show we’ll be joined by Dante Disparte, founder and CEO of Risk Cooperative from Washington DC, and Sushma Ramachandran, columnist at The Tribune from Delhi. (Picture: the Amazon logo is seen on an android mobile phone. Picture credit: Omar Marques/SOPA Images/LightRocket via Getty Images)

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