Amazon Shares Top $1,000, Google Close Behind

Shares of Amazon’s stock crossed $1,000 this morning, marking the first time a pure-play media technology stock has hit the threshold.

While another ecommerce marketer -- travel site -- has traded well over $1,000 per share, Amazon is in a class of companies such as Google, Facebook and Apple that are deemed “walled garden” platforms for the distribution and consumption of media.

At more than $975 per share in current trading, Google’s stock price is not far behind, and together they fuel continuing perceptions that a media and technology stock bubble is looming.



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