Amazon (AMZN) is a global leader in the cloud computing and e-commerce sector. Such a leading position in these sectors has also made it one of the largest companies on this planet, with a hand in pretty much everything.
But the business which has actually put Amazon on the map is its marketplace, through which people can buy anything from electronics to food to furniture to even toys. This marketplace connects the merchants with online buyers, and through the process, Amazon takes its cut!
Amazon started in 1994 as an online bookstore and eventually went through a lot of changes to become an online store for pretty much everything. Today, the company is listed on Nasdaq and is one of the major tech companies in the USA and even the entire world.
Amazon Union Votes - What's Going On?
In 2022, something different happened among the Amazon workers who were working at the company's warehouse in Staten Island. They formed an Amazon Labor Union so that they could improve their bargaining power.
However, Amazon didn't like that and even filed a motion to stop them from doing that! This resulted in a back-and-forth between the workers, Amazon company, and even the authorities. However, new elections revealed that most workers voted against union representation during the elections.
AMZN Stock Split
Do many people wonder whether the AMZN stock split ever happened or not? Actually, the Amazon stock split happened a total of three times.
In fact, Amazon is planning to split its stock once again in June 2022, provided that the shareholders approve this move. If this happens, the price of Amazon stock will be reduced, and it will become more affordable for new investors.
In the history of Amazon, it has yet to pay any dividend, but the people who invested during the early days of Amazon earned a lot more from stock price movement than dividends!