Amazon heavily relied on equity financing during its formative years, raising funds to build infrastructure and expand globally. Although the company incurred losses initially, its valuation soared as it established itself as a market leader in e-commerce and cloud computing.

Amazon heavily relied on equity financing during its formative years, raising funds to build infrastructure and expand globally. Although the company incurred losses initially, its valuation soared as it established itself as a market leader in e-commerce and cloud computing.