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Amazon issued its initial public offering of capital stock on May 15, 1997, at $18 per share, on the NASDAQ stock exchange under the symbol AMZN. [21] Barnes & Noble sued Amazon on May 12, 1997, alleging that Amazon's claim to be "the world's largest bookstore" was false because it "...wasn't a bookstore at all. It's a book broker."
Amazon logo The Amazon Spheres, part of the Amazon headquarters campus in Seattle. Amazon.com, Inc. is an American conglomerate headquartered in Seattle, Washington.Founded by Jeff Bezos on July 5, 1994, as an online bookstore, Amazon went public after an initial public offering on May 15, 1997, during the midst of the dot-com bubble. [1]
Its acquisition of Whole Foods in August 2017 for US$ 13.4 billion substantially increased its market share and presence as a physical retailer. [8] Amazon also distributes a variety of downloadable and streaming content through its Amazon Prime Video, MGM+, Amazon Music, Twitch, Audible and Wondery [9] units.
At the start of 2024, Jeff Bezos owned 988,251,817 shares of Amazon stock, according to the SEC. In November of the same year, he owned 909,709,895 shares. This means he sold roughly 8% of his ...
After the sale plan, Bezos would own about 912 million Amazon shares, or 8.8% of the outstanding stock. He sold shares worth roughly $8.5 billion in February, after the stock rallied 80% in 2023.
While Amazon's net sales rose 11% year over year to $158.9 billion, operating income surged by an impressive 55% to $17.4 billion. This was helped by the core U.S. e-commerce segment, where much ...
And AWS has the highest market share, estimated at 31% in the first quarter, in this attractive segment. ... Management expects companywide third-quarter sales of $154 billion to $158.5 billion ...
Amazon's 10-stock portfolio was worth $2.5 billion at the end of the second quarter and included companies ranging from an EV maker, to a couple of semiconductor makers, to an egg producer.