Amazon's early growth was driven by a customer-first approach. In its initial years, Amazon prioritized customer satisfaction to an extreme. For example, Jeff Bezos once left an executive meeting to personally pack orders during the holiday rush because he felt customer experience was more critical. This focus on customers helped Amazon become the world's largest online retailer, proving that long-term customer loyalty can lead to massive growth.
Market Wrap
Stocks posted solid gains as stronger-than-expected fourth-quarter earnings, particularly from 3M and Charles Schwab, bolstered investor confidence. President Donald Trump’s executive orders on energy, immigration, and economic policies, along with plans for 25% tariffs on Canadian and Mexican imports starting February 1, added to the day’s market momentum.
Shares fell 0.6% to $424.07 following President Trump's promise to remove EPA rules on electric vehicles, creating uncertainty about future regulatory support for the EV industry.
Shares increased by 7.2% due to its involvement in a $500 billion AI infrastructure initiative, positioning the company as a key player in the growing artificial intelligence sector.
Shares surged over 14% in after-hours trading following the announcement of a record 19 million new subscribers in the fourth quarter of 2024, bringing the total to 301 million. This growth was driven by popular content like the new season of "Squid Game" and live events, including a boxing match between Mike Tyson and Jake Paul. Additionally, Netflix announced subscription price increases in the U.S., Canada, Portugal, and Argentina.
The stock rose 5.4% after the company received a $590 million government award to develop a bird flu vaccine, highlighting its expanding role in public health initiatives.
The stock plunged 9.2% following a lawsuit from the U.S. Justice Department alleging improper prescription practices, raising concerns about potential legal liabilities.
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