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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN

AMAZON.COM, INC.

(AMZN)
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Amazon com : to Invest $18 Billion to Help Independent Businesses in 2020

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09/01/2020 | 02:07pm EDT

By Chris Wack

 

Amazon.com Inc. said Tuesday it is on course to invest $18 billion in 2020 to help independent businesses sell to customers, including investments in logistics, tools, services, programs, and people.

The Internet retail company said that since the beginning of the year, it has launched more than 135 free tools and services to help sellers increase their sales in Amazon's store.

In the next 12 months, Amazon said it will provide more than 500,000 U.S. small and medium-sized businesses with online selling guidance, education, and support, and the company plans to bring on an additional 100,000 U.S. businesses as new sellers in its store.

Amazon said that despite the impact Covid-19 has had on small businesses, many selling through Amazon have experienced continued growth. Third-party sellers continue to account for more than half of all units sold in Amazon's store, and even during the pandemic, third-party sales continued to grow faster than Amazon's first-party sales.

Amazon also said it plans to invest an additional $100 million to help small businesses around the world increase their sales and reach new customers this Prime Day and throughout the holiday season. This new investment will go toward putting a spotlight on the diversity of small businesses selling in Amazon's store, positioning them for increased sales during Prime Day and throughout the fourth quarter.

 

Write to Chris Wack at chris.wack@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -3.76% 3162.78 Delayed Quote.71.16%
REACH NEW HOLDINGS LIMITED 0.00% 0.28 End-of-day quote.17.65%
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Financials (USD)
Sales 2020 370 B - -
Net income 2020 16 486 M - -
Net cash 2020 55 489 M - -
P/E ratio 2020 98,3x
Yield 2020 -
Capitalization 1 584 B 1 584 B -
EV / Sales 2020 4,13x
EV / Sales 2021 3,44x
Nbr of Employees 798 000
Free-Float 81,3%
Chart AMAZON.COM, INC.
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Amazon.com, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 53
Average target price 3 748,93 $
Last Close Price 3 162,78 $
Spread / Highest target 42,3%
Spread / Average Target 18,5%
Spread / Lowest Target 6,24%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Dave Clark Senior Vice President-Worldwide Operations
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
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