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[41] [42] In January 2023, Amazon cut over 18,000 jobs, primarily in consumer retail and its human resources division in an attempt to cut costs. [43] On November 8, 2023, a plan was adopted for Jeff Bezos to sell approximately 50 million shares of the company over the next year (the deadline for the entire sales plan is January 31, 2025). The ...
The Department of Justice files suit against Apple Inc and five major publishing houses (the "Big Five"), alleging that they colluded in 2010 to raise the price of ebooks (using the agency pricing model that gives publishers full control over ebook prices). [124] Amazon had originally set the price of ebooks at $9.99 (using the wholesale ...
If you'd bought $10,000 worth of Amazon stock 10 years ago, today your investment would be worth more than $114,690. With that, Amazon proves it's made a great long-term holding. But now the ...
Last quarter, Amazon's revenue grew by 10% year over year to $148 billion. It is one of the largest sales generators in the world due to its dominance in e-commerce in the United States and a few ...
AWS operating income grew 50% year over year to $10.4 billion. Meanwhile, revenue in the unit rose 19% from the same period a year earlier to $27.5 billion, in line with analyst expectations.
In November 2010, it was reported that all of Amazon.com's retail sites had migrated to AWS. [56] Prior to 2012, AWS was considered a part of Amazon.com and so its revenue was not delineated in Amazon financial statements. In that year industry watchers for the first time estimated AWS revenue to be over $1.5 billion. [57]
Between 1999 and 2001, Amazon's stock fell as much as 95% and didn't return to its 1999 high until 2009. For a time, that drop made it look more like many of the failed online retailers at the time.
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]