Amazon is on the verge of hitting $1,000 a share for the first time (AMZN)

Amazon's stock is a hair away from the $1,000 mark.
The company's shares went public on May 15, 1997, at a time when it had no clear path to profitability and bookstores like Barnes & Noble — over a century older — threatened its business.
Amazon has now turned a profit for eight straight quarters, largely because of the strength of its cloud-computing business, Amazon Web Services.
Its more popular, less profitable retail segment has also forced established retailers like Walmar