Amazon Tells This $800 Billion Industry, "We Want More"

By Parkev Tatevosian, CFA – Apr 17, 2023 at 10:29AM

NASDAQ: AMZN

Amazon

Market Cap

$1,936B

Today's Change

(0.81%) $1.49

Current Price

$186.21

Price as of May 3, 2024, 4:00 p.m. ET

Amazon is known for branching out into new industries and crushing the competition.

Amazon (AMZN 0.81%) CEO Andy Jassy noted in his most recent shareholder letter that the company is not happy with its market share. Participants in this $800 billion industry best prepare for Amazon to come after theirs.

*Stock prices used were the afternoon prices of April 14, 2023. The video was published on April 16, 2023.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon.com. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.