About the Company
Amazon.com, Inc., doing business as Amazon (, AM-ə-zon; UK also , AM-ə-zən), is an American multinational technology company, engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. It is considered one of the Big Five American technology companies; the other four are Alphabet (parent company of Google), Apple, Meta (parent company of Facebook), and Microsoft. Amazon was founded on July 5, 1994, by Jeff Bezos in Bellevue, Washington. The company originally started as an online marketplace for books but gradually expanded its offerings to include a wide range of product categories. This diversification led to it being referred to as "The Everything Store". The company has multiple subsidiaries, including Amazon Web Services, providing cloud computing, Zoox, a self-driving car division, Kuiper Systems, a satellite Internet provider, and Amazon Lab126, a computer hardware R&D provider. Other subsidiaries include Ring, Twitch, IMDb, and Whole Foods Market. Its acquisition of Whole Foods in August 2017 for US$13.4 billion substantially increased its market share and presence as a physical retailer. Amazon has a reputation as a disruptor of industries through technological innovation and aggressive reinvestment of profits into capital expenditures. As of 2023, it is the world's largest online retailer and marketplace, smart speaker provider, cloud computing service through AWS, live-streaming service through Twitch, and Internet company as measured by revenue and market share. In 2021, it surpassed Walmart as the world's largest retailer outside of China, driven in large part by its paid subscription plan, Amazon Prime, which has close to 200 million subscribers worldwide. It is the second-largest private employer in the United States. As of October 2023, Amazon is the 12th-most visited website in the world and 82% of its traffic comes from the United States. Amazon also distributes a variety of downloadable and streaming content through its Amazon Prime Video, MGM+, Amazon Music, Twitch, Audible and Wondery units. It publishes books through its publishing arm, Amazon Publishing, film and television content through Amazon MGM Studios, including the Metro-Goldwyn-Mayer studio which acquired in March 2022. It also produces consumer electronics—most notably, Kindle e-readers, Echo devices, Fire tablets, and Fire TVs. Amazon has been criticized for customer data collection practices, a toxic work culture, censorship, tax avoidance, and anti-competitive behavior.
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Nasdaq
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Latest $AMZN News
Amazon.com Inc. stock underperforms Friday when compared to competitors
Shares of Amazon.com Inc. slid 2.56% to $174.63 Friday, on what proved to be an all-around mixed trading session for the ...
Is It Time To Consider Buying Amazon.com, Inc. (NASDAQ:AMZN)?
Amazon.com, Inc. ( NASDAQ:AMZN ) saw a double-digit share price rise of over 10% in the past couple of months on ...
Amazon Expands Sales of Its Cashierless Tech, While Scaling Back Itself
By the time it began opening large, conventional grocery stores in 2020, Amazon had hedged its bets. Some of the new stores ...
Do You Think Amazon.com (AMZN) Can Expand Significantly?
Polen Capital, an investment management company, released its “Polen Focus Growth Strategy” first quarter 2024 investor ...
Amazon Analyst Predicts Lead in AI Revolution with Strategic Cost Efficiency and Tech Innovations
Analyst reiterates Buy rating for AMZN with $205 PT. Raised profit estimates for 2023-2025 due to cost-cutting & strategic ...
Amazon Prime Memberships in US Gain 8% to New High After Lull
Amazon.com Inc.’s Prime subscription service hit a new high of 180 million US shoppers in March, an increase of 8% from a ...
Amazon.com Inc AMZN
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
Amazon’s Settlement Deal With Worker Passes Labor Board Muster
Amazon.com Inc.’s deal with a worker to settle an unfair labor practice case that was approved by a National Labor Relations ...
Amazon Dealt $525 Million Jury Verdict Over Cloud Tech Patents
Amazon.com Inc. must pay $525 million to software firm Kove IO Inc. for infringing three patents covering distributed cloud ...
Amazon appears to be moving forward with long-planned delivery station
Amazon (Nasdaq: AMZN) bought the 193-acre property in 2021. In January, it secured a rezoning to turn the northern portion of ...
Amazon.com Inc. stock underperforms Thursday when compared to competitors
Shares of Amazon.com Inc. shed 1.14% to $179.22 Thursday, on what proved to be an all-around mixed trading session for the ...
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