Markets

Amazon is now bigger than Wal-Mart

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Amazon is now bigger than Wal-Mart.

Based on market capitalization, Amazon, which began as an online bookstore, has overtaken the retail giant.

Amazon shares exploded 15% in after-hours trading Thursday to as high as $567 per share after the company reported quarterly earnings that beat expectations on the top and bottom lines.

Based on the after-hours spike, Amazon's market cap is now worth about $264 billion. Wal-Mart is worth $233.5 billion.

Looked at another way, Amazon grew by about $36 billion in the first half hour after its earnings crossed. For comparison, Twitter's market cap is $23.5 billion.

Here's the epic chart.

amazon vs walmart market cap
Andy Kiersz, data via Bloomberg

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Akin Oyedele
Akin edits flagship newsletters including First Trade and Tech Memo, as well as weekly topical roundups of Business Insider's coverage including Defense Flash. He also provides editorial support for the development and launch of new newsletters.    Prior to this role, he was a markets reporter for over a decade and edited Business Insider's investing coverage. He covered bonds and FX at Bloomberg before joining BI in 2014.