However, the market responded positively, and the stock closed at $23 per share on the day of the IPO, giving the company a valuation of $560 million. In the years since its IPO, Amazon has become one of the most successful companies in the world, making acquisitions, expanding into new markets, and revolutionizing the way people shop. In 2018, Amazon reached a market cap of over $1 trillion, making it the second company (after Apple) to reach that milestone. The success of Amazon’s IPO is attributed to its innovative approach to customer service, its ability to quickly adapt to changing markets, and its relentless focus on customer satisfaction.
Amazon’s IPO marked the beginning of a new era of digital commerce, and it’s a albania phone number data case study in how to execute a successful IPO. How Jeff Bezos Controls Amazon After initially focusing on books, Amazon quickly expanded its product offerings to include electronics, apparel, home goods, and more, becoming one of the largest online retailers in the world. Today, Bezos remains Amazon’s executive chairman after stepping down as CEO in 2021 and is the company’s majority shareholder. According to Market Screener, Bezos owns approximately 992,633,688 shares of Amazon, which represents about 10% of the company’s outstanding shares.
total voting shares. Bezos’s control over Amazon has been a source of both admiration and criticism. On the one hand, his leadership has been responsible for the company’s immense growth and success. On the other, some have criticized him for his tight grip on the company’s operations. His control has also been the subject of several antitrust investigations, as some have argued that Amazon’s enormous power in the e-commerce industry has stifled competition and limited consumer choice. Regardless of the criticism, it is clear that Bezos' control over Amazon has been a major factor in the company's growth.