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Amazon.com Inc. (NASDAQ:AMZN)

What does Amazon.com Inc. (NASDAQ:AMZN) do?

Amazon.com Inc. (NASDAQ: AMZN) is the everything e-commerce behemoth and one of the world’s largest companies by market capitalisation. It generates sales from its namesake e-commerce platform, its AWS web server business and countless other complementary services, such as Amazon Prime. The company started from humble beginnings in the late ’90s by Founder Jeff Bezos selling books online. In 1997, Amazon served 1.5 million customers. Today, Amazon serves hundreds of millions of customers through its global e-commerce stores, millions via its AWS cloud server business and touches many more with its technology (e.g. Prime Video, Echo, Kindle).

Amazon.com Inc. (NASDAQ:AMZN) price chart

Amazon.com Inc. (NASDAQ:AMZN) stock price analysis

ASX Growth Shares
David Bassanese

RBA circus

Here’s the market update for both the US and Australian share markets by David Bassanese of Betashares. Both the S&P 500 (INDEXSP: .INX) and the S&P/ASX 200 (INDEXASX: XJO) are on a new record high.

ASX Growth Shares
Ron Shamgar

Creating a truly trans-Tasman payments provider

Ron Shamgar of Tamim Asset Management highlights SmartPay (ASX: SMP) could change the world in the field of payment solutions. Is SmartPay share price a buy today?

ASX Growth Shares
Darren Katz

Moment of truth for the Magnificent Seven

According to CNBC, the ‘Magnificent 7’ as they are now known (replacing previous nicknames such as FAANG and FANGMA) have returned 92% on average through October 5, 2023. With the third quarter earnings season unfolding, investor expectations are high and the results will need to be strong to sustain such a rally.

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