Amazon, the e-commerce giant that revolutionized online shopping, has become a tech behemoth. While most know it for its vast online marketplace, Amazon has its fingers in many pies – cloud computing, streaming services, artificial intelligence, and more. This article will delve into Amazon’s stock, exploring its current performance, future prospects, and factors to consider before investing.
Amazon (AMZN) – Stock Price
Amazon (AMZN) – Chart
Most popular Amazon Services / Products
Amazon is a tech behemoth that started from an online bookstore and has grown into a company with a finger in many pies. Here’s a breakdown of its key services:
- Retail – Amazon.com is the world’s largest online marketplace for retail goods. It offers a vast selection of products from third-party sellers and its own inventory.
- Amazon Prime – Amazon Prime is a membership program that offers a variety of benefits, including free one-day or two-day shipping on many items, access to Prime Video streaming service, and exclusive discounts.
- Cloud Computing – Amazon Web Services (AWS) is the world’s leading provider of cloud computing services. It offers a wide range of on-demand services, such as compute power, storage, databases, and analytics.
- Digital Content – Amazon offers a variety of digital content, including e-books, audiobooks, music, movies, and TV shows. It also has its own studios that produce original content.
- Delivery – Amazon offers a variety of delivery services, including same-day, one-day, and two-day shipping. It also has its own delivery network, Amazon Logistics.
- Other Services – Amazon offers a variety of other services, including Amazon Business (for business supplies), Amazon Drive (for cloud storage), and Amazon Fresh (for grocery delivery). They also have ventures into Artificial Intelligence and are constantly innovating in new areas.
Amazon’s history
Amazon’s story is one of humble beginnings that blossomed into a tech titan. Here’s a quick glimpse into its past:
- 1994: Birth in a Garage – Founded by Jeff Bezos in his Bellevue, Washington garage, Amazon started as an online bookstore.
- 1997: Going Public – The company went public in 1997, marking a turning point in its growth trajectory.
- Early 2000s: Expansion Beyond Books – Amazon strategically expanded its product categories, venturing into electronics, toys, clothing, and more. This diversification earned it the nickname “The Everything Store.”
- 2000: Opening the Doors to Third-Party Sellers – A crucial move for Amazon was opening its platform to third-party sellers in 2000. This broadened the selection available to customers and fueled further growth.
- 2002: Birth of AWS – The year 2002 saw the launch of Amazon Web Services (AWS), which has become a game-changer in cloud computing.
- 2005: The Rise of Amazon Prime – The launch of Amazon Prime in 2005 offered faster shipping options and other perks, creating a loyal customer base.
- 2017: Acquisition of Whole Foods – Amazon’s acquisition of Whole Foods in 2017 marked its entry into the grocery delivery space.
- Present Day: A Continued Growth Story – Amazon remains an innovator, constantly venturing into new territories like artificial intelligence and delivery services through Amazon Logistics.
