Alphabet and Meta Platforms Better Watch Out for Amazon

By Parkev Tatevosian, CFA – Sep 29, 2023 at 3:40PM

NASDAQ: AMZN

Amazon

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$1,861B

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(1.91%) $3.42

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Advertising revenue is becoming a lucrative part of Amazon's business.

Fool.com contributor Parkev Tatevosian explains why the two digital advertising leaders have a formidable foe in Amazon (AMZN 1.91%).

*Stock prices used were the afternoon prices of Sept. 26, 2023. The video was published on Sept, 28, 2023.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Parkev Tatevosian, CFA has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Amazon.com, and Meta Platforms. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.