Amazon latest news
The company was founded in July 1994 by Jeff Bezos as an online bookseller. After quickly expanding through acquisitions of other book sellers in the UK and Germany, it then began to sell video games, electronics, games and toys. Amazon then went public in May 1997.
It has expanded to sell a wide variety of consumer goods and digital media as well as its own electronic devices, such as the Kindle e-book reader, Kindle Fire tablet and Fire TV, a streaming media adapter.
Bezos selected the name Amazon because it was “exotic and different” and was a reference to his plan for the company’s size to reflect that of the Amazon River, one of the largest rivers in the world. The business has done just that, with the company’s membership and streaming platform, Amazon Prime, now having over 200 million paying subscribers worldwide.
It distributes a variety of downloadable and streaming content through Amazon Prime Video, Amazon Music, Twitch, and Audible. It also publishes books through its publishing arm, Amazon Publishing, and film and television content through Amazon Studios. It has also owned film and television studio Metro-Goldwyn-Mayer since 2022.
Amazon Products and Services:
- Product purchase and delivery
- Amazon Prime
- Prime Video
- Cloud Computing
- Amazon Fresh Supermarkets
- Self driving cars
Anyone can buy shares in Amazon via the Nasdaq as it is a publicly listed company. Jeff Bezos is the founder and largest shareholder of Amazon. He holds 14% voting power and has 10.6% economic interest. The asset management company Advisor Group inc. holds 7.1% of outstanding shares. The mutual fund group Vanguard holds 6.6% of outstanding shares. The biggest asset management company in the world, BlackRock, holds 5.4% of outstanding shares.
At present, the vast majority of products available on the Amazon website cannot be purchased in any bricks-and-mortar stores, so the main dealings of the company are all online.
Amazon has many different locations across North American and 7 international stores (a few in London) as of December 31, 2020. Groceries can now be ordered via Amazon and there is a planned expansion of the Amazon Fresh supermarket line.
In FY20, Amazon employed 33,675 people across the UK. These were spread through logistics and also in warehouses and fulfilment centres. This is only a tiny fraction of its global employee workforce, with 1.6 million working for Amazon in December 2021. The majority of these (just under 1 million) work in the US.
The Amazon UK head office is located in London.
60 Holborn Viaduct, Holborn, London, EC1A 2FD, UK
The Amazon global head office is located in Seattle, USA.
410 Terry Ave N, Seattle 98109, WA, US
Amazon is a publicly listed company, it is listed under the Nasdaq under the abbreviation AMZN.
It is a component of the Nasdaq-100, S&P 100 and S&P 500.
Year to 31 December 2020
Operating Income: $22.899bn
Year to 31 December 2019
Operating Income: $14.541bn
The Amazon UK head office can be contacted via phone or email.
- Telephone: 0843 504 0495 / 0207 084 7911
- Email: [email protected]
Email this article to a friend
You need to be logged in to use this feature.
Please log in here