
Why Amazon.Com (AMZN) Stock Is Getting Hit
The Amazon.Com, Inc (NASDAQ:AMZN) stock price was hit on Monday as global markets became nervous of news of further trade tensions between the US and China.
Amazon.com Inc. (NASDAQ: AMZN) is the everything e-commerce behemoth and one of the world’s largest companies by market capitalisation. It generates sales from its namesake e-commerce platform, its AWS web server business and countless other complementary services, such as Amazon Prime. The company started from humble beginnings in the late ’90s by Founder Jeff Bezos selling books online. In 1997, Amazon served 1.5 million customers. Today, Amazon serves hundreds of millions of customers through its global e-commerce stores, millions via its AWS cloud server business and touches many more with its technology (e.g. Prime Video, Echo, Kindle).
The Amazon.Com, Inc (NASDAQ:AMZN) stock price was hit on Monday as global markets became nervous of news of further trade tensions between the US and China.