CB Insights August 29, 2019
Amazon has its eyes on the residential and commercial real estate markets. We take a look at how the tech giant is expanding far beyond its e-commerce ambitions.
Amazon is moving well beyond e-commerce and broadening its smart home focus into the lucrative world of real estate.
While the tech giant has been instrumental in the growth of online retail, it’s now gaining traction in the property market. It shelled out $4B for its Seattle campus, including The Spheres, and after a highly publicized bid for the site of its second headquarters (known as HQ2), Amazon settled on Virginia. The company is set to invest $2.5B on the location and another $230M on a new Operations Center...