Bezos has been with Amazon for more than 20 years, from its humble beginnings in the company’s early days as an e-commerce company.
The e-commerce giant became the second US company to exceed a trillion dollar valuation on September 4, 2018, when its valuation reached an all-time high of $2050.50 when it reached its current valuation of more than $1 trillion. Economic research studies on Amazon have compiled a detailed analysis of what is responsible for Amazon’s growth to these heights. The Internet is certainly one of the most important growth factors for the company over the last 20 years. In particular, Amazon’s business model has made it the world’s largest online retailer with a market capitalization of more than $500 billion.
Amazon has invested heavily in robotics and drone technology over the past decade, acquiring many patents for it. In 2012, Amazon Robotics, a company that develops robots for the pick-and-pack process, acquired it for $775 million. The following year, the number rose by 114% to 30,000 robots, and by a further 50% to 45,000 robots in 20 warehouses in 2017.
Amazon has also made several acquisitions in recent years to strengthen its core e-commerce business. Amazon organised a challenge last year in which a $1 million prize was awarded to invent the next generation of robots.
In June 2017, Amazon acquired grocery giant Whole Foods for a whopping $13.7 billion. Amazon has expanded its operations in the US by acquiring e-commerce growth regions such as North America, Europe, Asia and Latin America. Buying Whole Foods is a big step forward for Amazon as it strengthens its grocery business and opens up new opportunities.
Amazon’s Echo and Alexa have made a name for themselves among consumers and serve as a platform for other smart devices. It is also worth noting that Amazon took over Whole Foods and entered the grocery business last summer for $13.7 billion. The store has seen significant discounts and now serves as a showcase for Echo devices, according to Amazon.
The rise to $1 trillion has been a long and winding road for Amazon, and while the company may have lost out to Apple in the race for this important milestone, I suspect it will have much to celebrate in the near future. Apple began trading in December 1980 and its stock began to flee, buoyed by groundbreaking devices that failed competitors.
Amazon began trading on May 15, 1997 with a split of $1.50 on an adjusted basis, and its shares reached $2,000 in June of that year, giving the company a market value of $1 trillion. The stock rose to $100 in October 2009 and reached the $1500 mark for the first time in May 2017. It was founded by Amazon co-founder and CEO Jeff Bezos and his wife, Amazon CEO and founder Alexa.
Analysts valued Amazon stock on the basis of its ability to make money, based on its earnings and profit expectations. They began to see the company as another merchandiser like Walmart and saw politicians, regulators and the taxman coming after him. Amazon remains the world’s largest e-commerce company with a market value of more than $1 trillion, but analysts see much more.
This groundbreaking book reveals the true nature of Amazon’s business model and long-term strategy. Should we worry more now about the future of the US economy or worry more about Amazon itself?
Solar for Trillions investigates the disruptive properties that make solar technology inevitable. Why is solar the only clean energy source that can be expanded to meet global needs? Here are seven amazing options to explore, from solar to wind, solar to geothermal and more.
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