Search results
Results From The WOW.Com Content Network
Bezos finally decided that his new business would sell books online, because of the large worldwide demand for literature, the low unit price for books, and the huge number of titles available in print. [12] Amazon was founded in the garage of Bezos' rented home in Bellevue. [9] [13] [14] Bezos' parents invested almost $246,000 in the start-up ...
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]
Amazon.com, Inc., [1] doing business as Amazon (/ ˈ æ m ə z ɒ n /, AM-ə-zon; UK also / ˈ æ m ə z ə n /, AM-ə-zən), is an American multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. [5]
For the first 27 of Amazon’s 30 years of existence, Jeff Bezos drove this magic machine. ... the cloud computing division that will generate more than $100 billion in revenue on its own in 2024. ...
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.
It budgeted a wide range of $11.5 billion to $15 billion for operating income, however. That's 3% to 34% higher than the $11.2 billion in the year-ago period. The decision
His net worth surpassed $100 billion for the first time on November 24, 2017, after Amazon's share price increased by more than 2.5%. [218] When the 2017 list was issued, Bezos's net worth was registered at $72.8 billion, adding $27.6 billion from the previous year. [ 219 ]
MacKenzie Scott continues to sell billions of dollars in Amazon stock. In 2023, she unloaded nearly 65.3 million shares of Amazon, currently worth more than $10 billion, according to a filing.