Amazon stock - 10 things to know with detail
- 1. 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.
- 2. 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.
- 3. Amazon's stock symbol is AMZN, and it is listed on the NASDAQ stock exchange.
- 4. The stock has performed exceptionally well in recent years, with its price increasing by over 300% in the last five years alone.
- 5. Amazon's stock is known for being relatively expensive, with a high price-to-earnings ratio compared to other companies in the tech sector.
- 6. 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).
- 7. 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.
- 8. Despite these challenges, Amazon continues to innovate and expand into new markets, such as grocery delivery, healthcare, and entertainment.
- 9. The company's founder, Jeff Bezos, stepped down as CEO in 2021 and was replaced by Andy Jassy, the former head of AWS.
- 10. 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.