This store is an electronic commerce and cloud computing company. It was founded on July 5, 1994 by Jeff Bezos. The CEO of Amazon is also Jeff Bezos. The headquarters of this online store is in Seattle, Washington. This company first started as a bookstore and then became more popular which caused other companies to go bankrupt. By 2011, Amazon was selling more printed books than any other bookstore. The website is called Goodreads, which allows people to connect with other people online over books. Goodreads was losing lots of money, so Amazon bought the company in 2013. After that, This store sells just about everything, including food, clothes, books, and many more items. Also after Amazon bought Goodreads, they wanted to sell e-books. Jeff Bezos announced that they would sell e-books for $9.99 per online book. The problems was, Amazon wasn’t making a profit for e-books. They gave Apple 20% of the company and then bumped up the prices to $12.99-$14.99. Even though the prices got bumped up, the e-book market started growing more and more with Apple on their side. When I bought this stock, it cost about $525.00. I made little money compared to my other stocks. Amazon got me about $45.00 the first week and then lost lots of money in the following weeks. I made the least amount of money with this stock, but I still enjoy using
This store is an electronic commerce and cloud computing company. It was founded on July 5, 1994 by Jeff Bezos. The CEO of Amazon is also Jeff Bezos. The headquarters of this online store is in Seattle, Washington. This company first started as a bookstore and then became more popular which caused other companies to go bankrupt. By 2011, Amazon was selling more printed books than any other bookstore. The website is called Goodreads, which allows people to connect with other people online over books. Goodreads was losing lots of money, so Amazon bought the company in 2013. After that, This store sells just about everything, including food, clothes, books, and many more items. Also after Amazon bought Goodreads, they wanted to sell e-books. Jeff Bezos announced that they would sell e-books for $9.99 per online book. The problems was, Amazon wasn’t making a profit for e-books. They gave Apple 20% of the company and then bumped up the prices to $12.99-$14.99. Even though the prices got bumped up, the e-book market started growing more and more with Apple on their side. When I bought this stock, it cost about $525.00. I made little money compared to my other stocks. Amazon got me about $45.00 the first week and then lost lots of money in the following weeks. I made the least amount of money with this stock, but I still enjoy using