Amazon.com

Incorporated in 1994 by Jeff Bezos, Amazon is a conglomerate engaged in a wide variety of businesses. In its early years, the company was known for selling music and videos. In 1999, it ventured into the business of selling books as well as video games, consumer electronics as well as home improvement items. In recent years, the company has established itself as an e-commerce heavyweight.

Headquartered in Seattle Washington, Amazon has expanded its footprint into other businesses, key among them being cloud computing, digital streaming as well as the development of artificial intelligence innovations.

Amazon has grown to become one of the most valuable companies in the world, thanks to mergers and acquisition in diversified fields of operations. Its notable acquisition is Whole Foods that it acquired for $13.4 billion, consequently expanding its footprint into the sale of groceries. It is currently ranked as the largest internet company by revenue and the second-largest private employer.

Amazon is currently listed on the NASDAQ stock exchange.

Latest Amazon.com News

S&P 500 Index – An overview for Monday, October 28th, 2019

The long-awaited sustainable breakout for the S&P 500 index above its all-time high of 3,025 level has just arrived this morning, October 28th, 2019. The market opened at 3,032.12 level on Monday. After making a daily high of 3,043.15, it...

S&P 500 Index breaks above the record high of 3,025

The time for merely challenging the crucial resistance is over for the S&P 500 index. The market has officially printed 3,027 level that marks a break above its all-time high of 3,025. The index opened at 3,003.32 on Friday, October...

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