Amazon Company profile
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Amazon (AMZN) is an American multinational technology company headquartered in Seattle, Washington. Included in the famous FAANG entity, along with Facebook (FB), Apple (AAPL), Netflix (NFLX) and Alphabet’s Google (GOOGL), the business is the world's largest e-commerce marketplace, cloud computing platform and AI assistant provider as measured by market capitalisation and revenue.
Throughout its history, Amazon has pursued an assertive acquisition strategy, buying up dozens of different companies and diversifying its business portfolio into several market sectors. Today, its subsidiaries include, among others, the world-renowned Whole Foods Market, IMDb, Twitch.tv, Zappos, PillPack and Ring.
The company is a constituent of the US Tech 100 Index, the S&P 500 Index and the S&P 100 Index.
Based on the historical Amazon stock information, the company’s shares hit a record-high of $2,050.50 on September 4, 2018.
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In July 1994, Amazon was founded as an online bookstore by Jeff Bezos, with his parents investing almost $250,000 in the start-up. Within a few months, the business was already generating revenues of $20,000 per week.
On May 15, 1997, the company went public on the NASDAQ stock exchange, offering its stock at $18 per share. Since then, Amazon has had 3 stock splits: once in 1998 and twice in 1999. Shortly after its IPO, the retailing mammoth has seen its stock skyrocket, despite difficult times caused by the dot-com crash.
Over the past decade, Amazon stock value has experienced tremendous growth, with its share price soaring from below $80 during the financial crisis in 2008, to over $2,000 only ten years later.
With Capital.com’s Amazon share price chart you can not only quickly view the current Amazon stock price, but also trace the company’s shares value in historic terms.
What once was an online bookstore, Amazon has grown to become one of the world’s most successful tech companies. Today, the business is engaged in a wide range of activities, with the main focus remaining on e-commerce, artificial intelligence, cloud computing and digital streaming. The company also manufactures and markets various consumer electronics, such as Amazon Kindle e-book, Fire TV, Fire tablet computers and Echo devices.
In regard to acquisitions, Amazon has taken over various types of businesses and start-ups since its inception in 1994. It has bought companies that helped Amazon improve its business processes and allowed to enter new markets.
As of 2019, its most notable acquisitions included Ring ($1,8 billion), a home security and smart home company; Zappos ($1.2 billion), an online shoe and clothing retailer; PillPack ($1 billion), an online pharmaceutical company, and Kiva Systems ($775 million), a mobile robotic fulfilment systems manufacturer.
However, the company’s most expensive acquisition to date remains Whole Foods Market, a multinational supermarket chain, for which the company paid $13.7 billion in 2017.
In September 2018, Amazon became the world’s second company to hit $1 trillion in market capitalisation, close on the heels of Apple Inc, which had celebrated this important milestone only a month earlier.
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