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Study: Amazon now the world's most valuable brand

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Brand Finance’s new Global 500 report lists Amazon as the most valuable brand in the world.

During the past year, Amazon's brand value rose 42 percent to $150.8 billion, according to the report.

Amazon was No. 3 in last year's results. Apple ranked second on the list this year with a brand value of $146.3 billion.

Read more from Fox Business.

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