Amazon.com, Inc. (AMZN) is one of the world's most influential technology companies engaged in e-commerce, cloud computing, digital streaming and smart hardware.

About Amazon.com, Inc. (AMZN)

Founded by Jeff Bezos on July 5, 1994, in Bellevue, Washington, Amazon initially only sold books online. However, over time, the company successfully expanded its business into various sectors, becoming one of the largest technology companies globally.

Amazon’s vision is to be “earth’s most customer-centric company,” striving to offer everything consumers want online. The company’s mission is to continue simplifying customers’ lives by providing the products, services, and experiences they desire at competitive prices.

Amazon offers a wide range of products and services, including:

• Amazon Marketplace: An e-commerce platform that enables sellers and buyers to transact. In 2021, Amazon reported 300 million active users worldwide.
• Amazon Prime: A subscription service offering fast shipping, access to streaming video and music, and various exclusive discounts and deals. In 2021, Amazon reported over 200 million Prime customers worldwide.
• Amazon Web Services (AWS): A cloud computing service providing infrastructure and computing platforms to businesses and individuals. In 2021, AWS reported over 1 million active customers.
• Amazon Devices: Various smart hardware devices such as Amazon Echo (Alexa), Kindle, and Fire TV.
• Amazon Fresh: A delivery service for groceries and daily necessities currently available only in select major cities in the US and a few other countries.

Since its initial public offering (IPO) in 1997, Amazon’s stock price has experienced interesting fluctuations. Initially, Amazon offered shares at $18 per share.

Amazon’s stock price experienced a significant increase during the dot-com bubble in the late 90s, reaching its peak at $113 in December 1999. However, when the dot-com bubble burst, Amazon’s stock price plummeted to $7 in 2001.

Since then, Amazon has consistently demonstrated growth, and by 2021, Amazon’s stock price had reached over $3,000 per share.

In terms of financial performance, Amazon continues to show rapid revenue growth along with the expansion of products and services offered. In 2020, Amazon recorded revenue of $386 billion, a 38% increase compared to the previous year.

Amazon Web Services (AWS) is the company’s primary revenue driver, with revenue of $45.4 billion in 2020 or about 11.8% of Amazon’s total revenue.

Throughout its history, Amazon has faced several challenges and controversies, such as:

• Working conditions: Amazon has often been criticized for poor warehouse working conditions and high-pressure work environments.
• Taxes: Amazon has also been accused of tax avoidance in several countries, resulting in investigations by governments and tax authorities.
• Unhealthy competition: Amazon is accused of using data from sellers on its platform to create competitive products at lower prices, harming original sellers.

With visionary leaders and managers, the company is expected to continue growing and creating value for customers, employees, and shareholders. Some key individuals in Amazon’s history include:

• Jeff Bezos: Founder and CEO of Amazon from its inception until 2021. Bezos later stepped down and became Executive Chair in July 2021.
• Andy Jassy: CEO of Amazon since July 2021, previously serving as AWS CEO.
• Werner Vogels: Amazon’s CTO since 2005, playing a crucial role in technology and innovation within the company.

Amazon continues to seek opportunities to expand into various sectors. Some future opportunities for the company include:

• Development of AI and IoT technology: Amazon continues to invest resources in the development of AI and IoT technology, as evidenced by products such as Amazon Echo and Alexa.
• Expansion of logistics services: Amazon continues to expand its logistics and delivery network to improve product delivery efficiency.
• Emerging markets: Amazon strives to expand into emerging markets like India and Latin America, which are considered to have significant growth potential.

Amazon.com, Inc. (AMZN) is a tech giant that continues to grow and innovate across various sectors. With a vision of being the most customer-oriented company, Amazon has successfully created products and services used by hundreds of millions of people worldwide.

Despite facing challenges and controversies, Amazon continues to show impressive growth in terms of revenue and expansion into new sectors.

As one of the world’s largest technology companies, Amazon has vast opportunities to continue growing, whether in AI and IoT technology, logistics services, or expanding into emerging markets.

In an investment context, it is worth noting that Amazon’s stock price fluctuations throughout the company’s history indicate significant growth potential and possible risks.

Facing a future filled with innovation and challenges, Amazon will remain a company to watch, both from a business and investment standpoint. With visionary leaders and managers, the company is expected to continue growing and creating value for customers, employees, and shareholders.

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Update

• Amazon plans to reboot its struggling Alexa business by working on its own ChatGPT-like technology, leaked document shows
• Amazon just poached a longtime Meta veteran to lead its growing adtech division
• Amazon has pledged to power its operations with 100% renewable energy by 2025

How to Buy AMZN Stocks

Interested in buying shares of this tech company? You can buy AMZN shares with simple steps:

1. Install Nanovest app on the App Store or Play Store.
2. Register according to the instructions.
3. Verify your identity for security and convenience when buying stocks through the KYC feature which you can do in just 1 minute.
4. Top Up your balance to your Nanovest account.
5. Go to the stock menu, search and select Amazon.com, Inc. (AMZN).
6. Click the Buy button and confirm the purchase with your desired amount. You can start with only IDR 5,000.

Before investing in the stocks you want, do some research and analysis first. You can do this by checking company profile, industry conditions, company financial reports, and analyzing previous stock price movements. This analysis is important so that you can develop an accurate investment strategy and minimize losses.

Is it Safe to Buy AMZN Stocks on Nanovest?

Of course. Nanovest is supported by a number of professional partners who have a good reputation in providing their services. One of them is supported by S-Quantum Engine technology by Sinarmas Financial Services.

For global and US stocks, Nanovest partners with brokers registered with the United Stated Financial Industry Regulatory Authority (FINRA) – which insures brokerage accounts held by Nanovest users up to U$S 500k by the United States Securities Investor Protection Corporation (SIPC).

For crypto assets, Nanovest is registered with the Commodity Futures Trading Supervisory Agency (Bappebti). The Nanovest platform itself has also been insured through a partnership with Sinarmas Insurance.

Disclaimer

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