Tech Titans: Amazon

Tech Titans: Amazon — page 3
OWNING STOCK Stocks are pieces of ownership in a company When a person buys stock he or she buys a little piece of a company called a share People who own stock are called shareholders If the company does well and the stock price rises they share in the profits Companies usually have thousands and thousands of shares and it takes many many shares to make up a big piece of a company Bezos owns 16 percent of Amazon which means he owns 16 percent of all Amazon stock 3 Other investors own the rest Buying or selling stocks is called trading The most common way to buy and sell stocks in the United States is through the New York Stock Exchange which is located on Wall Street in New York City The Nasdaq Stock Market also based in New York City is the second-largest US stock exchange and is best known as a stock exchange for technology companies Amazon’s stock is traded on Nasdaq under the stock symbol AMZN This was more than the 2016 gross domestic product of the nation of Ecuador FROM BOOKS TO EVERYTHING Amazon the company that propelled its founder to such great riches started out as a small online bookstore run out of Bezos’s garage in Seattle Washington Since then Amazon has grown into a company that has changed how Americans shop and what they expect from an online store As one of the most famous shopping websites in the world Amazon sells everything from cat food to kayaks to hissing cockroaches But Amazon is much more than a shopping website Users can order groceries through Amazon Fresh a grocery pickup and delivery service They can buy and 6