Amazon.com Inc. is a well-known American multinational technology company that primarily focuses on digital streaming, e-commerce, artificial intelligence, and cloud computing. The company is based in Seattle, and it is considered one of the big four tech companies all around the world, along with Facebook, Apple, and Google. Amazon is referred to as one of the most influential economic and cultural forces around the globe.
The company Amazon is famous for its disruption of the well-established industries through the mass scale and technological innovations. It is also known as one of the largest online marketplaces, cloud computing platform, and AI assistants in the world as measured by market capitalization and revenue. Amazon also became one of the largest internet company by revenue in the world. It also got popularity as one of the most valuable companies in the world and the second-largest private employer in the United States.
Inception
Amazon was founded in July 1994 by Jeff Bezos in Bellevue in Washington. At first, Amazon was started as the online marketplace for the books, but later with the recognization of the company, it began selling electronics, video games, furniture, food, toys, software, apparel, and jewelry.
In the year 2015, Amazon also acquired the Whole Food Market for the value of US$13.4 billion that helps to increase the presence of Amazon as the brick and mortar retailer. Later in the year 2018, the two days delivery services of Amazon Prime had crossed the 100 million subscribers all over the world.
Evolution
Amazon was started at a tiny scale, but with the growth of technology, it started growing all over the world and became a big name in the technology field. Amazon sells lots of things and makes it easy for people to use an e-commerce platform to fulfill their buying needs. Apart from selling clothes, toys, food, and electronics, Amazon also started distributing downloads and streaming of videos, music, and audiobooks. Amazon began distributing the music and video through its Amazon Music, Amazon Prime Video, and Audible subsidiaries that make it famous all around the world.
Amazon also started publishing arm, Amazon Publishing, a cloud computing subsidiary Amazon Web Series and a film and television studio, Amazon Studios, that fulfills various needs of people with great comfort. Apart from this, Amazon also indulges with the Whole Foods Market, Twitch, and Ring that helps to make it famous all around the world and increases the revenue of the company rapidly. Amazon has the number of products and services available for the people.
Apart from this, Amazon also owns more than 40 subsidiaries that include Diapers.com, Zappos, Audible, Techstreet, Twitch, Shopbop, and many more. In 1997, amazon launched its distribution network in Seattle and New Castle, but now, the company has several types of distribution services in different parts of the world. There are more than 25 sortation centers and 75 fulfillment centers of the company that shos its success and reputation in the market.
Awards & Nominations
Amazon is one of the most leading companies in the online platform that gain high profit. The company is referred to as one of the most influential economic and cultural forces in the world. The company built a high reputation and recognition in the market within a few years and considered one of the Big Four tech companies around the world. The company focuses on e-commerce and cloud computing to access a wide range of people all around the world and make sure to provide the best services to people everywhere. Amazon.com ranked at number 8 on the Fortune 500 ranking of the largest United States Corporation by total revenue in the year 2008.
Net Worth of Amazon in 2024
As of January 2024, The net worth of Amazon is estimated at around $1 Trillion. As of 2019, Amazon had gained more than $280 billion in revenue, which makes it one of the largest companies by revenue. The company has more than 798,000 employees, and it rules a big part of the online selling platform as billions of people all around the world trust to buy their valuable things from the company. The company had a total earning of more than $10.07 billion in 2018, and the growth, as well as a profit of Amazon, is increasing rapidly.
Amazon is one of the well-established companies through technological innovation. It is a multinational technological company of American based in Seattle and sells a wide variety of things and products all over the world. From selling books to selling furniture, food, toys, jewelry, and distributing music and video surfing services, the company makes high process and recognization on the online platform.
Apart from selling all the valuable things on the online platform, Amazon also criticized for the technological surveillance overreach, tax avoidance, anti-competitive practices, as well as the hyper-competitive and demanding work culture. But Amazon surpasses all the difficulties and builds high name and fame in the technological field and win the heart of lots of people all around the world.