Amazon.com, Inc., which operates as Amazon (/ ææməˌzɒn /), is a multinational technology company focused on electronic commerce, cloud computing and artificial intelligence in Seattle, Washington. It is one of the four big or “four riders” of technology along with Google, Apple and Facebook due to its market capitalization, disruptive innovation, brand value and highly competitive application process.
Amazon is the most valuable public company in the world ahead of Apple and Alphabet. It is the largest e-commerce market and the cloud computing platform in the world, measured by revenue and market capitalization. Amazon.com was founded by Jeff Bezos on July 5, 1994 and started out as an online bookstore, but then diversified to sell video / streaming downloads, MP3 / streaming downloads, audio / streaming downloads, software, video games, electronics, clothing, furniture. , food, toys and jewelry. The company also owns a publishing division, Amazon Publishing, a film and television studio, Amazon Studios, produces consumer electronics lines such as Kindle readers, Fire tablets, Fire TV and Echo devices, and is the largest provider of the world of infrastructure services in the cloud. (IaaS and PaaS) through its subsidiary AWS. Amazon has separate retail websites for some countries and also offers international shipments of some of its products to other countries. 100 million people subscribe to Amazon Prime.
Amazon is the largest Internet income company in the world and the second largest employer in the United States. In 2015, Amazon overtook 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 greatly increased Amazon’s presence as a brick and cement retailer. The acquisition was interpreted by some [by whom?] As a direct attempt to challenge Walmart’s traditional retail stores.
In 1994, Bezos incorporated Amazon. In May of 1997, the organization became public. The company began selling music and videos in 1998, at which time it began to operate internationally through the acquisition of online book sellers in the United Kingdom and Germany. The following year, the organization also sold video games, consumer electronics, home improvement items, software, games and toys, as well as other items.
In 2002, the corporation started Amazon Web Services (AWS), which provided data on website popularity, Internet traffic patterns and other statistics for vendors and developers. In 2006, the organization increased its AWS portfolio when Elastic Compute Cloud (EC2), which leases the processing capacity of the computer, as well as Simple Storage Service (S3), which rents data storage over the Internet, is available . That same year, the company began running Fulfillment by Amazon, which managed the inventory of individuals and small businesses that sold their belongings through the company’s website. In 2012, Amazon bought Kiva Systems to automate its inventory management business, buying the Whole Foods Market supermarket chain five years later in 2017.