Amazon cracked the top 10 for the first time, continuing its remarkable growth run: Sales have jumped some $70 billion in two years. Amazon’s enormity stems from its role as the largest U.S. digital retailer, the fastest-growing part of the market. Two other major factors drive the company’s growth: Expansion abroad to markets like India and the rise of Amazon Web Services, the company’s market-leading online storage and service operation. Amazon spends heavily to boost those sales: Faster delivery, robust entertainment, and robot-enabled warehouses are part of its increasingly ambitious plans. Amazon also began a North American competition for a second headquarters.
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News about Amazon.com
Bernard Arnault, Europe’s richest person, just joined Jeff Bezos and Bill Gates in the world’s most exclusive wealth club with a fortune of at least $100 billion.
Company trying to weane itself off dependency of only hardware sales.
It will be like opening a cash register at the end of the day and knowing the source of every dollar.
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