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Amazon reported fourth quarter earnings that beat analysts' expectations Thursday and delivered an optimistic outlook for the months ahead. The stock climbed more than 6% in early trading on Friday.
Amazon stock popped as much as 10% late Thursday as investors digested revenues, profits, margins, and current quarter guidance that all blew past Wall Street's expectations.
Amazon was founded on July 5, 1994, by Jeff Bezos in Bellevue, Washington. [6] The company originally started as an online marketplace for books but gradually expanded its offerings to include a wide range of product categories. This diversification led to it being referred to as "The Everything Store". [7]
Amazon's stock, which joined the Dow Jones Industrial Average in February, is up about 20% for the year. Hamza Shaban is a reporter for Yahoo Finance covering markets and the economy. Follow ...
Amazon's stock popped more than 4% during its first day of trading since splitting its shares 20-for 1. In March, the e-commerce giant announced investors would receive 19 additional shares for ...
Amazon.com, Inc., is an American electronic commerce and cloud computing company 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] The funds gained from the IPO allowed Amazon to ...
Jeff Bezos. Jeffrey Preston Bezos ( / ˈbeɪzoʊs / BAY-zohss; [2] né Jorgensen; born January 12, 1964) is an American businessman, media proprietor and investor. He is the founder, executive chairman, and former president and CEO of Amazon, the world's largest e-commerce and cloud computing company.
Amazon CEO Andy Jassy on stage at the 2022 New York Times DealBook on Nov. 30, 2022, in New York City. (Thos Robinson/Getty Images for The New York Times) (Thos Robinson via Getty Images)
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