Uber rides to $2.2 billion, Amazon to $1 billion as ‘truly transformative’ company
Amazon has made a fortune by selling digital books, music and movies.
Now it’s turning to digital travel.
The company’s stock has gained nearly $5 billion since its initial public offering in 2014.
The stock is up more than 1,000 percent this year.
And its total value has more than doubled to $75 billion.
The stock has become the new darling of Wall Street investors, as well as some of the nation’s wealthiest entrepreneurs, as it has seen record-breaking growth in its business and its growth in the digital space.
Amazon has said it is aiming to generate $100 billion in revenue this year alone.
The e-commerce giant is now expanding its online store business, opening new locations in countries including Brazil and South Korea, and expanding its Prime business.
Amazon is also investing billions in its Amazon Prime streaming service, which is designed to stream live TV and movies for free to its customers.
But Amazon also wants to expand its physical retail business, where the company offers a range of merchandise.
It’s expanding its Amazon.com stores in major cities and has also opened several retail stores.
Last week, the company announced that it will invest $250 million in its first-ever physical store in Chicago, and is opening a second location in Seattle.
Amazon.com, the online-only e-retailer that was founded in 2006, has grown to become the nation’ s largest retailer, with sales totaling $2 trillion.
Amazon bought Whole Foods in 2014 for $13 billion, and its new grocery business is expected to add more than $400 million a year in annual revenue.