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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 ...
Best Buy issued forecasts of a 2.2% compound annual growth rate through 2021; analysts noted that competition from Amazon.com likely played into the low growth expectations. [48] Its shares dropped 10% in value (roughly $1.7 billion in market value) on the news. [48]
Amazon.com is primarily a retail site with a sales revenue model; Amazon takes a small percentage of the sale price of each item that is sold through its website while also allowing companies to advertise their products by paying to be listed as featured products. [153]
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US$2 billion (2015) Number of employees. 1,500+. Parent. Amazon. Website. zappos.com. Zappos.com is an American online shoe and clothing retailer based in Las Vegas, Nevada, United States. [ 1] The company was founded in 1999 by Nick Swinmurn and launched under the domain name Shoesite.com.
Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline that has lagged big rivals.
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