AMAZON PAPER
Financial Profile: Amazon’s stocks have been increasing since March 2013 because of additional and new services. On March, 1,2013 the market shows that customers are more interested in technology and are willing to spend more money on new tech. This puts investors in a good spot to start investing into Amazon (Wasik, Thomson Reuters). This lead to Amazon’s future investors to keep investing and lead to some of Amazons record breaking numbers over the next year. Amazon CEO Jeff Bezos has a long-term vision of the company moving into the digital products market. The goal is too keep releasing new products and services for the Kindle and Amazon Prime Video. The top ten selling items in the second quarter were Digital products such as the Kindle Fire and other digital content.
Although Amazon has numerous investors and hit its all time high of 312.01 in quarter two of July, 26,2013, they reported a loss of 7 million dollars the same day and instantly the stock price dropped to 306.1 on July, 27,2013. The loss comes from the investments the company is making for its long-term goals. The vital investments the company has been making are towards web services, online security known as cloud services. The reported loss affected the stock price with a decline for the month of August (Ray, 1).
With the preparation done for the holiday seasons Amazon hired nearly 70,000 workers to assist during the shopping season. Amazon introduced a new program called “Amazing Selling Machine” in order to educate and teach upcoming entrepreneurs about success in the e-commerce market. 40 percent of Amazon’s business comes from 2 million entrepreneurs selling their products on Amazon.com. "These record-breaking numbers are real proof that not only is Amazon growing, but business owners that sell products on Amazon are growing and expanding," says Ryan Coisson of RyanCoisson.com. Amazon does well during the holiday season, from September to January. The stock prices range from 312.034 –
Although Amazon has numerous investors and hit its all time high of 312.01 in quarter two of July, 26,2013, they reported a loss of 7 million dollars the same day and instantly the stock price dropped to 306.1 on July, 27,2013. The loss comes from the investments the company is making for its long-term goals. The vital investments the company has been making are towards web services, online security known as cloud services. The reported loss affected the stock price with a decline for the month of August (Ray, 1).
With the preparation done for the holiday seasons Amazon hired nearly 70,000 workers to assist during the shopping season. Amazon introduced a new program called “Amazing Selling Machine” in order to educate and teach upcoming entrepreneurs about success in the e-commerce market. 40 percent of Amazon’s business comes from 2 million entrepreneurs selling their products on Amazon.com. "These record-breaking numbers are real proof that not only is Amazon growing, but business owners that sell products on Amazon are growing and expanding," says Ryan Coisson of RyanCoisson.com. Amazon does well during the holiday season, from September to January. The stock prices range from 312.034 –