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Happy 20th Birthday to Amazon



Happy 20th Birthday to Amazon

Happy 20th Birthday to Amazon

The world’s largest e-commerce site, Amazon, turned twenty this month. What started off as simply an online bookstore has gone on to become a titan of retail, changing the game for many industries.

At the core of Amazon’s strategy is innovation and change, led by a management team that does not fear challenging the status quo. Who would of thought a book retailer would create a technology that stores thousands of books in your hands? Amazon knows its strengths and it applies it to industries and product categories that it can implement its best practices to. If it had played the safe route and been a one trick pony, Amazon would have been an afterthought by now.


Amazon might be going too far with this strategy and spreading itself too thin. Last year, Amazon had revenues of $74.45 billion and netted only $274 million, a profit margin of just 3.7%. Last quarter, it posted a loss of over $100 million, off of $20 billion revenue. Amazon has never been a huge profit generator, and some are questioning its business model. Heavy investments into every new opportunity you can imagine dampens the likelihood that the company will post a profit, and this has been a criticism of CEO, Jeff Bezos.

Time will tell if Amazon will be celebrating another 20 years. On the bright side, it’s selling customizable 3D printed bobble heads!


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What is the Median Pay of Magnificent Seven Companies?

The Magnificent Seven companies are fueling stock market gains. In this graphic, we show the median pay of each company in 2023.



This circle graphic shows the median pay of employees at the Magnificent Seven companies.

What is the Median Pay of Magnificent Seven Companies?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The Magnificent Seven are lifting the stock market to new highs, led by Nvidia, Microsoft, Apple, and Alphabet in particular.

In May alone, these tech giants added $1.4 trillion in market capitalization to the S&P 500—surpassing the combined gains of 296 other stocks during the same period. Notably, Nvidia contributed to more than half of this rise. As tech stocks boom, many are offering robust salaries with substantial stock option plans.

This graphic shows the median pay of the Magnificent Seven companies in 2023, based on analysis from The Wall Street Journal and MyLogIQ.

The Highest Paying Companies in the Magnificent Seven

Below, we show the median employee pay of the Magnificent Seven companies in 2023:

CompanyMedian Employee Pay
CEO Total Pay

Data for Microsoft is from SEC filings. Total CEO pay includes equity awards and cash pay.

Meta ranks as the highest overall, with a median pay of $379,050, which is more than six times the national median salary.

Not only is it the leading company in the Magnificent Seven, it has one of the highest median pay across S&P 500 companies. Between 2022 and 2023, employee pay increased 28%, following four rounds of layoffs that slashed thousands of employees in its “year of efficiency”.

Following Meta is Google’s parent company, Alphabet, with a median pay of $315,531. The company operates a hybrid work policy, requiring employees to be in the office about three days a week. This mirrors a trend seen across Amazon and Salesforce to encourage in-person collaboration.

At Nvidia, employees received a median pay of $266,939, fueled by its soaring share price. Last year, over $300 million in value was delivered to its staff under its employee stock purchase plan. Along with a competitive pay package, the company offers an unlimited vacation policy along with 22-weeks of paid parental leave.

Falling near the bottom of the pack is Tesla, where the median salary for employees is $45,811. The automotive sector is notorious for steep wage gaps between CEOs and workers, with CEOs often earning 300 times more than the median employee.

In 2023, Tesla CEO Elon Musk earned no compensation, and is instead paid through incentive-based stock options. Recently, a judge invalidated a staggering $56 billion pay package for the executive, deeming it unfair to the company’s shareholders. This pay package was awarded in 2018, with stipulations that Tesla meet certain performance requirements over a 10-year timeframe.

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