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Amazon.com Inc. (AMZN) is a global leader in online retail and the provision of e-commerce services. Founded in 1994 by Jeffrey Bezos, AMZN employs approximately 800,000 workers and is headquartered in Seattle, Washington. The company operates under three divisions: Amazon Web Services (AWS), International, and North America. AWS furnishes customers worldwide with storage, database and computing services. The International and North American segments act as region-specific online retailers.
Shares of AMZN are listed for public trade on the NASDAQ exchange. During July 2020, Amazon Inc.'s common stock eclipsed US$3000.00 per share for the first time ever. As a result, the market capitalisation of AMZN rose above US$1.5 trillion, earning it a top three global ranking.
The retail giant did largely better than it expected, based on it recently lowered projections, amidst high inflation and costs
There was a flurry of corporate activity and news during the week of August 8-12, with Disney, Dutch retailer Ahold Delhaize, EV start-up Rivian and other companies attracting our attention
The Walt Disney Company released strong quarterly results on Wednesday, with its streaming services reporting total subscribers that were higher than those of rival Netflix
The first week of August remained a busy one, as we had a large number of high profile corporations releasing their financial results, such as chip-maker AMD, British energy giant…
The last week of July was dominated by the Big Tech earnings, but the auto industry, plane makers and retailers were also in the spotlight
The earning season heated up this week (July 18-22), as Tesla, Netflix and Snap released their results, while more news stood out, such as Ford’s EV update and more
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