Amazon is now not only synonymous with online shopping, but is also opening physical stores, owns the Whole Foods grocery franchise and runs a massively lucrative cloud-services business
According to a recent NPR/Marist poll, 92 percent of America’s online shoppers have bought something on Amazon. More than 40 percent said they buy something on Amazon once a month or more often. In fact, when people shop online, they’re most likely to start on Amazon, the poll found.
Amazon has said that more than 100 million people around the world pay for its Prime subscription.
By early afternoon on Tuesday, Amazon’s stock was trading at $2,030 per share, up less than 1 percent, putting its market cap at $990 billion
Amazon’s stock value briefly topped $1 trillion on Tuesday, a little over a month after Apple crossed the same milestone.
The tech and retail behemoth, founded as an online bookstore by CEO Jeff Bezos in 1994, has been consistently profitable only since 2015. In fact, Amazon profits have averaged $2 billion in each of the first two quarters of this year.