Amazon is an international e-commerce website for consumers, sellers, and content creators.
Amazon.com, Inc. is an e-commerce retailer formed originally to provide consumers with products in two segments. It offers users with merchandise and content purchased for resale from vendors and those offered by third-party sellers.
Operating in North American and International markets, Amazon provides its services through websites such as amazon.com and amazon.ca. It also enables authors, musicians, filmmakers, app developers, and others to publish and sell content via its branded websites.
Amazon also provides Kindle Direct Publishing, an online platform that allows independent authors and publishers to make their books available in the Kindle Store. In addition, it provides co-branded credit card agreements and advertising services, serves developers and enterprises through Amazon Web Services, and manufactures and sells electronic devices.
It offers Amazon Prime which is an annual membership program. It provides free shipping, streaming, and access to books to borrow and read on a Kindle device.
Volatility has once again ensured the stock markets which are facing a double whammy with the rising coronavirus cases on one end and the halting stimulus talks. Markets are losing confidence with a gloomy outlook ahead.
Amazon shares have grown by about 75% year on year, a figure that has crushed competitor’s own growth within the same time period.
With Japan, Europe, and the United States, big tech companies like Apple, Facebook, Amazon, and Alphabet will be in one huge legislative umbrella on market monopoly.