Amazon started as a e-commerce site. But their Web Services division now makes up the vast majority of their revenue. They also dabble in streaming and content generation.
I’d say they are primarily a web hosting company that dabbles in e-commerce now.
This part of Amazon is not a tech company. It’s a logistics and e-commerce company and this news has zero relevance outside of US.
Remind me, what does the “e” in “e-commerce” stand for again?
AmazonShop with a website is not a tech company.UberTaxi company with an app is not a tech company.RevolutBank with an app and no offices is not a tech company.These companies present themselves as tech related because it increases stock value.
Most of Amazon’s revenue comes from AWS (a tech company), therefore Amazon is appropriately called a tech company.
Amazon started as a e-commerce site. But their Web Services division now makes up the vast majority of their revenue. They also dabble in streaming and content generation.
I’d say they are primarily a web hosting company that dabbles in e-commerce now.
https://www.fool.com/investing/2024/01/10/amazon-e-commerce-company-74-profit-this-instead/
They are a tech company by any definition.