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Amazon Stocks

The American company Amazon is one of the largest global and multinational suppliers in the world. Amazon was founded in 1994 and began operations under the name Cadabra.

Today it is listed on the main stock exchanges globally, although the stock indices that guide it are the Nasdaq, S&P 500, S&P 100, and Big Tech.

On the other hand, since its foundation in 1994, its growth has not stopped, encompassing the American market; to later leave its borders and establish itself as a prestigious transnational company.

The company is owned and founded by Jeff Bezos, a man who, a year after creating the company, changed his name to Amazon after the original name Cadabra was mistaken for a corpse.

As a curious fact, in April 2008, Bezos left his job as Vice President of D. E. Shaw & Co, a Wall Street firm, and he moved to Seattle, where he began working on a business plan for what would eventually become Amazon.com.

It was one of the first large companies to sell products over the Internet. Amazon also owns Alexa Internet, a9.com, Shopbop, Internet Movie Database (IMDb), Zappos.com, DPreview.com, and Twitch1.

Similarly; It has servers in Ireland, Canada, Australia, Germany, Austria, France, China, Japan, Italy, Spain, Holland, Brazil, India, and Mexico to offer products from these countries.

Amazon also operates in other countries and regions, such as Costa Rica, where it focuses on supporting customer service in Latin America and has 7,500 employees, making it one of the largest companies in the country.

Today, Amazon is fully diversified and cataloged among a diversity of products, such as; electronics, clothing, food, books, furniture, DVDs, music CDs, software, video games, and electronics.

Amazon is among the highest-grossing online retailers in the world. With $ 281 billion in net sales and approximately $ 365 billion in gross merchandise volume; Estimated physical and digital (GMV) in 2019.

Now, online product and digital media sales accounted for 50% of net revenue in 2019. Followed by commissions, related shipping and fulfillment fees, and other third-party vendor services (19%); cloud computing, storage, database, and other offerings from Amazon Web Services (13%).

On the other hand, the Main membership fees and other subscription-based services (7%), product sales, sales in the form of Whole Foods and other physical retail stores (6%), advertising services, and co-branded credit cards (5%).

In early September 2020, Amazon’s market value exceeded $ 1.6 billion.

In August, Amazon founder and CEO Jeff Bezos sold his 2% stake in Amazon for $ 3.1 billion and became the master. The richest in the world.