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Amazon

- Amazon is an American multinational technology conglomerate founded in 1994 by Jeff Bezos and based in Seattle. - It is the world's largest online retailer, cloud computing platform, and artificial intelligence assistant provider. - Amazon began as an online bookstore but has expanded into e-commerce, digital streaming, cloud computing, and artificial intelligence technologies.

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91 views

Amazon

- Amazon is an American multinational technology conglomerate founded in 1994 by Jeff Bezos and based in Seattle. - It is the world's largest online retailer, cloud computing platform, and artificial intelligence assistant provider. - Amazon began as an online bookstore but has expanded into e-commerce, digital streaming, cloud computing, and artificial intelligence technologies.

Uploaded by

Ryan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Amazon, Inc.

[7] (/ˈæməzɒn/), is an American multinational conglomerate technology company based in


Seattle, with 750,000 employees.[8] It focuses on e-commerce, cloud computing, digital streaming, and
artificial intelligence. It is considered one of the Big Four tech companies, along with Google, Apple, and
Microsoft.[9][10][11] It has been referred to as "one of the most influential economic and cultural forces
in the world."[12]

Amazon is known for its disruption of well-established industries through technological innovation and
mass scale.[13][14][15] It is the world's largest online marketplace, AI assistant provider, and cloud
computing platform[16] as measured by revenue and market capitalization.[17] Amazon is the largest
Internet company by revenue in the world.[18] It is the second largest private employer in the United
States[19] and one of the world's most valuable companies.

Amazon was founded by Jeff Bezos in Bellevue, Washington, in July 1994. 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 capitalization.[20] In 2017, Amazon acquired Whole Foods
Market for US$13.4 billion, which vastly increased Amazon's presence as a brick-and-mortar retailer.[21]
In 2018, Bezos announced that its two-day delivery service, Amazon Prime, had surpassed 100 million
subscribers worldwide.[22][23]

Amazon distributes downloads and streaming of video, music, and audiobooks through its Prime Video,
Amazon Music, Twitch, 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 acquisitions include Ring, Twitch, Whole Foods Market, and IMDb. Among various
controversies, the company has been criticized for technological surveillance overreach,[24] a hyper-
competitive and demanding work culture,[25] tax avoidance,[26] and anti-competitive practices.[27][28]

History

Further information: History of Amazon

The company's largest campus outside of the US was inaugurated in Hyderabad, India in September
2019.

Jeff Bezos founded Amazon in July 1994. He chose Seattle because of technical talent as Microsoft is
located there.[29] In May 1997, the organization went public. The company began selling music and
videos in 1998, at which time it began operations internationally by acquiring online sellers of books in
United Kingdom and Germany. The following year, the organization also sold video games, consumer
electronics, home-improvement items, software, games, and toys in addition to other items.
In 2002, the corporation started Amazon Web Services (AWS), which provided data on Web site
popularity, Internet traffic patterns and other statistics for marketers and developers. In 2006, the
organization grew its AWS portfolio when Elastic Compute Cloud (EC2), which rents computer
processing power as well as Simple Storage Service (S3), that rents data storage via the Internet, were
made available. That same year, the company started Fulfillment by Amazon which managed the
inventory of individuals and small companies selling their belongings through the company internet site.
In 2012, Amazon bought Kiva Systems to automate its inventory-management business, purchasing
Whole Foods Market supermarket chain five years later in 2017

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