Amazon.com Inc. (AMZN)

“Amazon.com Inc. is an American multinational conglomerate founded by Jeff Bezos in 1994 in Washington, United States, as an online platform for books. However, it has diversified its portfolio over the years and is today one of the US’s Big 5 information tech giants. The company is primarily involved in e-commerce activities, along with cloud computing services. Through its e-commerce platform, the company offers over 12 million products. In 2005, Amazon launched a subscription-based over-the-top (OTT) platform called Amazon Prime, with subscribers in as many as 22 countries. In 2014, the company launched a virtual assistant technology called Amazon Alexa, an in-built feature of its smart home products, including Amazon Echo and Amazon Dot. The company further strengthened its positioning in the media and entertainment space with the launch of Amazon Fire TV, which provides digital audio and video content and video games through the internet to a connected HD television. The company is currently the parent company to nearly 40 subsidiaries. Some of its biggest acquisitions include Zappos (2009), Quidsi (2010), Twitch (2014), Whole Foods (2017), Ring (2018), Zoox (2020), and Metro-Goldwyn-Maye (2021), among others. Amazon.com Inc has its shares listed in the US on the NASDAQ. The company reported net sales of $110.8 billion in the third quarter of the 2021 fiscal, registering a jump of 15.3% from $96.1 billion in the same period last year. The company’s net income decreased to $3.2 billion in the 2021 Q3 from $6.3 billion in the third quarter of the preceding fiscal year. The tech giant has been ranked on the 2nd position on the Fortune 500 Companies List and the 10th position on the 2021 Forbes Global 2000 Companies List. Currently Amazon.com Inc. has a market cap of $1746.47 Billion. It has a P.E ratio of 66.33. The shares of Amazon.com Inc. are trading at $3390.77. ” .