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 technology companies along with Google, Apple, and Facebook.
Amazon is known for its disruption of well-established industries through technological innovation and mass scale. It is the world’s largest e-commerce marketplace, AI assistant provider, and cloud computing platform as measured by revenue and market capitalisation. Amazon is the largest Internet company by revenue in the world.It is the second largest private employer in the United States and one of the world’s most valuable companies. Amazon is the second largest technology company by revenue.
Amazon was founded by Jeff Bezos on July 5, 1994, in Bellevue, Washington. The company initially started 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 capitalisation. In 2017, Amazon acquired Whole Foods Market for $13.4 billion, which vastly increased Amazon’s presence as a brick-and-mortar retailer.In 2018, Bezos announced that its two-day delivery service, Amazon Prime, had surpassed 100 million subscribers worldwide.
Amazon distributes downloads and streaming of video, music, audiobook through its Amazon Prime Video, Amazon Music, and Audible subsidiaries. Amazon also has a publishing arm, Amazon Publishing, a film and television studio, Amazon Studios, and a cloud computing subsidiary, Amazon Web Services. It produces consumer electronics including Kindle e-readers, Fire tablets, Fire TV, and Echo devices. In addition, Amazon subsidiaries include Ring, Twitch.tv, Whole Foods Market, and IMDb. Among various controversies, the company has been criticized for technological surveillance overreach, a hyper-competitive and demanding work culture, tax avoidance, and anti-competitive practices. (source wikipedia)
|Cadabra, Inc. (1994–95)|
|Founded||July 5, 1994Bellevue, Washington, United Statesin|
|Revenue||US$232.887 billion (2018)|
|US$12.421 billion (2018)|
|US$10.073 billion (2018)|
|Total assets||US$162.648 billion (2018)|
|Total equity||US$43.549 billion (2018)|
Number of employees
|Footnotes / references|
- Although everyone I know loves shopping online, I refuse to purchase anything on Amazon.
- While many see it as convenient, I find having an item delivered to my house is too much of a hassle. I hate waiting for a package, especially if it doesn’t get there in time or if it gets stolen, so I prefer to shop at traditional stores.
- Additionally, I save money by not paying a monthly fee for Amazon Prime and having no delivery fees.
- Amazon also hurts small businesses and has reportedly treated its delivery drivers poorly, making me not want to support the company.
- Visit BusinessInsider.com for more stories.
As the retail apocalypse sweeps across the US, consumers continue to turn to online retailers, like Amazon, for their purchases. In fact, there are 90 million Amazon Prime subscribers today. I’m not one of them.As a millennial, I’m expected to do everything via the internet — socialize, date, and even shop. But I’m unique in that I prefer to shop at traditional retail stores.Although millions of people turn to Amazon for its convenience, I prefer to avoid the online retailer. Here’s why.
Products and services
Amazon.com’s product lines available at its website include several media (books, DVDs, music CDs, videotapes and software), apparel, baby products, consumer electronics, beauty products, gourmet food, groceries, health and personal-care items, industrial & scientific supplies, kitchen items, jewelry, watches, lawn and garden items, musical instruments, sporting goods, tools, automotive items and toys & games. In August 2019, Amazon applied to have a liquor store in San Francisco, CA as a means to ship beer and alcohol within the city. Amazon has separate retail websites for some countries and also offers international shipping of some of its products to certain other countries.
- Amazon Prime
- Amazon Web Services
- Amazon Drive
- Fire tablets
- Fire TV
- Kindle Store
- Music Unlimited
- Amazon Digital Game Store
- Amazon Studios