Amazon shares tumble after third-quarter outlook disappoints
Amazon shares tumbled on Friday, a day after the company reported a revenue miss and disappointing guidance for the second quarter.
Read more at CNBC
Why Amazon stock was taking a dive today
Shares of Amazon(NASDAQ: AMZN) were tumbling today after the company missed revenue estimates slightly in its second-quarter earnings report and gave light ...
Read more at USA TODAY
Amazon stock - 10 things to know with detail
Amazon is one of the largest and most valuable companies in the world, with a market capitalization of over $1.5 trillion as of 2021.
The company was founded by Jeff Bezos in 1994 as an online bookstore, and has since grown to become a global e-commerce giant selling everything from books to electronics to clothing.
Amazon's stock symbol is AMZN, and it is listed on the NASDAQ stock exchange.
The stock has performed exceptionally well in recent years, with its price increasing by over 300% in the last five years alone.
Amazon's stock is known for being relatively expensive, with a high price-to-earnings ratio compared to other companies in the tech sector.
The company's revenue comes primarily from its e-commerce business, but it also generates significant income from its cloud computing division, Amazon Web Services (AWS).
Amazon has faced criticism for its labor practices and treatment of workers, which has led to calls for increased regulation and oversight of the company.
Despite these challenges, Amazon continues to innovate and expand into new markets, such as grocery delivery, healthcare, and entertainment.
The company's founder, Jeff Bezos, stepped down as CEO in 2021 and was replaced by Andy Jassy, the former head of AWS.
Overall, Amazon's stock is considered a solid long-term investment by many analysts, given the company's strong market position, diverse revenue streams, and track record of growth.