Top Businesses Owned by Amazon
You've probably heard of Amazon - the online store that delivers items to your door without leaving your house. While this is definitely true, Amazon also owns many other businesses besides its online marketplace. For example, the company recently announced that it was purchasing movie studio MGM for $8.5 billion. Its acquisitions make it easy to see why Amazon has become so successful. Its impressive portfolio of businesses is just one of the reasons that people flock to Amazon's website. Click here to read more latest news about the business trends
Apart from the well-known products that they sell, Amazon owns many smaller companies and is working to develop new technologies. It has also invested in some upstart companies in the past. In 2014, the company acquired a video game startup called Curse Voice, which allowed gamers to converse with each other using their voice over the Internet.
Amazon also invested in another company called GameSparks, which helps game developers create and manage new gaming features on the cloud. Besides, Amazon has a secret health care lab called Hera that analyzes electronic medical records to detect misdiagnosis and inaccurate codes. It also has its own line of over-the-counter medicines, including ibuprophen and a hair regrowth solution.
Amazon's share price has rocketed in recent years. A $10,000 investment in Amazon's 1997 IPO would be worth $21 million today. And its closing price on 13 July 2021 was $3,677. These results are just a taste of Amazon's dominance in different sectors. The company has an unmatched need to win mentality, and it has a plan to expand its dominance.