The share price of Amazon saw a record height when the coronavirus stricken market helped the company in jumping it to an unimaginable height. The share price of the company saw the stock close on the trading day at a sum of $2283, which is more than 5% from the previous price.
Though amazon saw an unprecedented surge in February when it closed at $2170 per share, the current market price of the share is more than it ever was. The current share price has but the capital of Amazon at more than $1.1 trillion.
The company will soon start a hiring process
Due to the current market condition and the ongoing lockdowns, people cannot go out or shop for things from shopping malls, the stay and home orders made it quite easier for Amazon to deliver goods to people at the ease of their homes.
The buyer has to tap a few clicks on their cellphones, and they can have anything that they want on their doorstep within 2 days. Due to the rising demand in the market, Amazon is looking forward to hiring more than 175000 people who will either work in their warehouses or will provide delivery services.
Amazon is attracting more and more people
Once life becomes normal, people will stick to amazon because of their top-notch service during the pandemic. Due to the pandemic, many people in America are relying upon Amazon and other goods delivery service providers to cope up with their daily demands.
Experts have the idea that it will take more than 3 to 4 months after the initial phase of coronavirus for people to become comfortable and go out to their grocery stores and shopping malls.
The company is being criticized by its workers
Although the business is booming for Amazon, the company is facing huge criticism by its workers as they are protesting against unhealthy working conditions and demand more protection to be available against the pandemic.
Due to the revolt and protest, amazon fired one protest organizer on the charges that the person broke the social distancing guidelines and refused to stay in quarantine after he came in contact with a fellow worker who was tested positive for coronavirus.
The protest organizer made a statement and said that instead of accepting the fact that it failed to provide workers and the community the kind of safety that they need, the company is firing workers to keep their image intact in front of everyone.