Amazon Stocks Price Today (AMZN)
2022.12.29 10:17
Amazon.com, Inc. is a multinational technology company based in the United States that focuses on e-commerce, cloud computing, online advertising, digital streaming, artificial intelligence, and other areas. One of the most valuable brands in the world, it has been called “one of the most influential economic and cultural forces in the world.” Along with Alphabet (Google), Apple, Meta (Facebook), and Microsoft, it is one of the Big Five American information technology companies.
On July 5, 1994, Jeff Bezos established Amazon from his garage in Bellevue, Washington. It started out as an online book marketplace but has since expanded into a wide range of product categories, earning it the moniker “The Everything Store.”
Amazon Web Services (cloud computing), Zoox (autonomous vehicles), Kuiper Systems (satellite Internet), and Amazon Lab126 (research and development of computer hardware) are among its numerous subsidiaries. Whole Foods Market, Ring, Twitch, and IMDb are among its other subsidiaries. When it bought Whole Foods in August 2017 for $13.4 billion, it significantly expanded its presence as a physical retailer.
Through technological innovation and “aggressive” reinvestment of profits into capital expenditures, Amazon has established itself as a disruptor of established industries. According to revenue and market share, it will be the largest online retailer and marketplace, provider of smart speakers, cloud computing service through AWS, live streaming service through Twitch, and Internet company by 2023.
It overtook Walmart as the largest retailer outside of China in 2021, largely due to its paid subscription plan, Amazon Prime, which has more than 200 million worldwide subscribers. In the United States, it is the second-largest private employer.
