How COVID-19 has impacted Amazon and measures they’ve taken as a business to combat it. Read on below.
Our aim is to help you buy Amazon shares armed with as much research and information as possible.
Below we’ve aggregated up to date information on Amazon including a detailed coronavirus section, full company information and live share prices and trend graphs. We’ve also added a step by step guide showing you exactly how to buy Amazon shares.
Amazon needs no introduction really as it is today considered one of the “Big Four” technology companies, the others being Apple, Facebook and Google. This multinational conglomerate technology company employs approximately 750,000 people with its focus being e-commerce, digital streaming, artificial intelligence and cloud computing.
Founded in 1994 by Jeff Bezos in Washington, Amazon initially began as an online marketplace for books. Today they have expanded to sell anything from electronics, clothing, food and software to name a few. Amazon is now the largest retailer in the world.
Jeff Bezos, chief executive officer, is the company’s biggest shareholder and the richest person in the world owning over 55 million shares which is only 15% of shares held by all insiders.
Amazon has benefited greatly from the lockdown (shelter in place) restrictions that have been enforced by various governments around the world as many people have moved their shopping habits online, unable to go outside and shop at bricks and mortar stores as usual.
Not only that, the majority of of Amazon’s profit comes from its Amazon Web Service (AWS) – the company’s cloud service and has utilised the AWS website to sell advertisements. Thus Amazon is now regarded as a tech company conglomerate and not just a retailer.
This timeline shows recent thoughts and activity during the Coronavirus pandemic.
May 3RD
During one of the worst economic downturns in history, Amazon shares are up more than 10%. As the COVID-19 pandemic wreaks havoc on the high street retail industry, Amazon’s online dominance continues.
May 8th
May 10th
In order to ensure the health and safety of their employees, Amazon claim to be investing $4 billion from April to June on COVID-19 initiatives aimed at getting products to customers and keeping employees safe.
In order to help some of the more vulnerable groups in the society of America, Amazon are working with food banks in a number of cities to deliver approximately 6 million meals.
In Europe, Amazon have committed 21 million euros to help those most affected by the pandemic.
May 11th
Amazon opens a new warehouse, kitted out with the latest advanced robotics technology in the North East of England (UK) creating over 1,000 permanent jobs.
It’s a very simple and straightforward process to getting started and owning a share of Amazon. Our step by step guide below will show you just how easy.
1. Pick a share trading platform.
We’ve provided a selection below to help you choose (many come with an app that you can manage from your phone).
2. Open an account with your chosen trading platform.
As with any account you’l be required to identify yourself with some personal details to make sure you are who you say you are.
3. Add a payment method.
You’ll be securely transferring money to your share trading platform in order to buy the shares, so you’ll need to add a way to pay.
4. Search for the company you want to buy shares in.
Each share trading platform has a simple way to locate the company you’ve identified.
5. Buy the shares.
Make sure you check the share price of the company you’re investing in and how much you’re investing (and ensure you’re happy with both) before you click the ‘buy’ button.
And that’s it, you’re now a shareholder. Congratulations!
We’ve compared the top trading platforms side by side, so you don’t have to. Choose the platform that suits your needs best.
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