Amazon was founded in 1994 by Jeff Bezos and began as an online bookstore. It has since expanded into e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon is now the world's largest online marketplace and cloud computing platform. It acquired Whole Foods in 2017, increasing its presence in physical retail. Amazon's major services include its e-commerce platform, Amazon Web Services cloud computing, and Amazon Prime subscription service. These drivers have contributed greatly to Amazon's massive growth and success in the online and cloud markets.
Amazon was founded in 1994 by Jeff Bezos and began as an online bookstore. It has since expanded into e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon is now the world's largest online marketplace and cloud computing platform. It acquired Whole Foods in 2017, increasing its presence in physical retail. Amazon's major services include its e-commerce platform, Amazon Web Services cloud computing, and Amazon Prime subscription service. These drivers have contributed greatly to Amazon's massive growth and success in the online and cloud markets.
Amazon was founded in 1994 by Jeff Bezos and began as an online bookstore. It has since expanded into e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon is now the world's largest online marketplace and cloud computing platform. It acquired Whole Foods in 2017, increasing its presence in physical retail. Amazon's major services include its e-commerce platform, Amazon Web Services cloud computing, and Amazon Prime subscription service. These drivers have contributed greatly to Amazon's massive growth and success in the online and cloud markets.
Amazon was founded in 1994 by Jeff Bezos and began as an online bookstore. It has since expanded into e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon is now the world's largest online marketplace and cloud computing platform. It acquired Whole Foods in 2017, increasing its presence in physical retail. Amazon's major services include its e-commerce platform, Amazon Web Services cloud computing, and Amazon Prime subscription service. These drivers have contributed greatly to Amazon's massive growth and success in the online and cloud markets.
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Amazon.com, Inc.
is an American multinational technology company based in Seattle,
Washington that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four tech companies, alongside Google, Apple, and Facebook. Amazon was founded by Jeff Bezos in 1994, and the company began as an online marketplace for books but later expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewelry. In 2015, Amazon surpassed Walmart as the most valuable retailer in the United States by market capitalization. In 2017, Amazon acquired Whole Foods Market for $13.4 billion, which vastly increased Amazon's presence as a brick-and-mortar retailer. The acquisition was interpreted by some as a direct attempt to challenge Walmart's traditional retail stores. In 1994, Jeff Bezos incorporated Amazon.com, Inc. in Washington State with the goal of selling items online starting with books but eventually expanding to much more. He had quit his job as a senior vice president at D. E. Shaw & Co., a Wall Street firm, on September 4, 1994, to found Amazon. His initial business plan was to build a "virtual bookstore" that would sell books online and route customers to physical bookstores for pick-up. In 1998, Amazon expanded beyond books and became an online retailer for a wide variety of consumer products, selling everything from CDs and DVDs to clothes, toys, and food. In 2002, Amazon introduced Amazon Web Services (AWS), a cloud computing platform that would later grow to be one of the company's biggest revenue sources. In 2006, Amazon launched Amazon Prime, a subscription service that gave customers free two-day shipping on millions of items. In 2015, Amazon surpassed Walmart as the most valuable retailer in the United States by market capitalization. In 2017, Amazon acquired Whole Foods Market for $13.4 billion, which vastly increased Amazon's presence as a brick-and-mortar retailer. The acquisition was interpreted by some as a direct attempt to challenge Walmart's traditional retail stores. Amazon is the world's largest online marketplace, AI assistant provider, live-streaming platform, and cloud computing platform as measured by revenue and market capitalization. Amazon is the second largest private employer in the United States and one of the world's most valuable companies. Amazon is a member of the Big Four tech companies, alongside Google, Apple, and Facebook. Revenue: $281.52 billion USD (2020) Operating income: $32.84 billion USD (2020) Net income: $21.33 billion USD (2020) Total assets: $200.79 billion USD (2020) Total equity: $57.37 billion USD (2020) Amazon Web Services, also known as AWS, is a cloud computing platform that is owned by Amazon.com, Inc. AWS was launched in 2006 and has since grown to be one of the company's biggest revenue sources. AWS offers a variety of cloud computing services, such as storage, data analysis, and computing power, that allow businesses and individuals to develop and run applications without the need for on-site infrastructure. AWS is one of the most popular cloud computing platforms in use today, with over 1 million customers and a market share of nearly 50%. The platform is used by a wide range of businesses, from small startups to large enterprises. Amazon Prime is a subscription service offered by Amazon.com, Inc. that gives customers free two-day shipping on millions of items. Amazon Prime was launched in 2005 and has since grown to be one of the company's most popular services, with over 150 million subscribers worldwide. Amazon Prime offers a variety of benefits to its members, including free shipping, exclusive deals and discounts, and access to Prime Video, a streaming service with a growing library of movies and TV shows. Prime members also have early access to Amazon's Lightning Deals, which are limited-time discounts on popular items. Amazon.com, Inc. is an American multinational technology company based in Seattle, Washington that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four tech companies, alongside Google, Apple, and Facebook. Amazon was founded by Jeff Bezos in 1994, and the company began as an online marketplace for books but later expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewelry. In 2015, Amazon surpassed Walmart as the most valuable retailer in the United States by market capitalization. In 2017, Amazon acquired Whole Foods Market for $13.4 billion, which vastly increased Amazon's presence as a brick-and-mortar retailer. The acquisition was interpreted by some as a direct attempt to challenge Walmart's traditional retail stores. Amazon is the world's largest online marketplace, AI assistant provider, live-streaming platform, and cloud computing platform as measured by revenue and market capitalization. Amazon is the second largest private employer in the United States and one of the world's most valuable companies. AWS, Amazon Prime, and Amazon's e-commerce platform are all major drivers of the company's growth and success. Amazon has a wide variety of products and services that appeal to a wide range of customers, giving the company a solid foothold in the e-commerce and cloud computing markets.