Think You Know Amazon? Here's 1 Little-Known Fact You Can't Overlook.

Core Insights - Amazon has evolved from an online bookstore to a dominant enterprise valued at $2.4 trillion with $670 billion in trailing-12-month sales [1] Group 1: Company Overview - Amazon's stock has increased by 227,000% over the past two decades, highlighting its significant growth and investor interest [2] - The company operates in various sectors, including e-commerce, cloud computing (AWS), Whole Foods Market, autonomous vehicles (Zoox), and healthcare (One Medical) [4] Group 2: Digital Advertising Growth - Amazon has become a major player in digital advertising, generating $15.7 billion in ad revenue in Q2, a 22% increase year over year, and more than double the sales from the same period in 2021 [5] - The annualized ad revenue for Amazon in Q2 was nearly $63 billion, supported by its extensive online marketplace and the introduction of ad-supported Prime Video in January 2024 [6] - Amazon's online marketplace attracted 2.7 billion visitors in August, and Prime Video accounted for 3.9% of daily TV viewing time in the U.S. during the same month [6]