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Amazon was founded by Jeff Bezos from his garage in Bellevue, Washington, on July 5, 1994. Initially an online
marketplace for books, it has expanded into a multitude of product categories:
a strategy that has earned it the moniker The Everything Store. It
has multiple subsidiaries including Amazon
Web Services (cloud computing), Zoox (autonomous vehicles), Kuiper Systems (satellite
Internet), Amazon Lab126 (computer hardware R&D).
Its other subsidiaries include Ring, Twitch, IMDb, and Whole
Foods Market. Its acquisition of Whole Foods
in August 2017 for US$13.4 billion substantially increased its
footprint as a physical
retailer.
Amazon.com, Inc. (/ˈæməzɒn/ AM-ə-zon) is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It has been referred to as "one of the most influential economic and cultural forces in the world", and is one of the world's most valuable brands. It is one of the Big Five American information technology companies, alongside Alphabet, Apple, Meta, and Microsoft.
Amazon owns over 40 subsidiaries, including Amazon Web Services, Audible, Diapers.com, Goodreads, IMDb, Kiva Systems (now Amazon Robotics), Shopbop, Teachstreet, Twitch, Zappos, and Zoox etc.
Beijing Century Joyo Courier Services is a subsidiary of
Amazon and it applied for a freight forwarding license with the US Maritime
Commission. Amazon is also building out its logistics in trucking and air freight to potentially compete with UPS and FedEx.
Whole Foods Market is an American supermarket chain exclusively featuring foods without artificial
preservatives, colors, flavors, sweeteners, and hydrogenated fats.
Amazon acquired Whole Foods for $13.7 billion in August 2017.
Amazon.com's product lines available on 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. In November 2020, the company started an online delivery
service dedicated to prescription drugs. The service provides discounts up to
80% for generic drugs and up to 40% for branded drugs for Prime subscribe
users. The products can be purchased on the company's website or at over 50,000
bricks-and-mortar pharmacies in the United States.
In September 2021, Amazon announced the launch of Astro, its
first household robot, powered by its Alexa smart home technology. This can be
remote-controlled when not at home, to check on pets, people, or home security.
It will send owners a notification if it detects something unusual.
Amazon
has earned a reputation as a disruptor of well-established industries through
technological innovation and mass scale. As of 2021, it is the
world's largest online
retailer and marketplace, smart
speaker provider, cloud
computing service
through AWS, live-streaming service through Twitch, and Internet company as measured by revenue and market
share. In
2021, it surpassed Walmart as the world's largest retailer outside of China, driven in large part by its paid
subscription plan, Amazon Prime, which has over 200 million
subscribers worldwide. It is the second-largest private
employer in the United States.
Amazon
also distributes a variety of downloadable and streaming content through
its Amazon Prime Video, Amazon Music, Twitch,
and Audible units.
It publishes books through its publishing arm, Amazon Publishing, film and television
content through Amazon Studios,
and has been the owner of film and television studio Metro-Goldwyn-Mayer since March 2022. It
also produces consumer electronics—most notably, Kindle e-readers, Echo devices, Fire tablets,
and Fire TVs.
The company has invested heavily in a massive amount of
server capacity for its website, especially to handle the excessive traffic
during the Christmas holiday
season. According to Alexa
Internet rankings, amazon.com is
the third most popular website in the United States and the 11th most popular
website worldwide.
The domain amazon.com attracted at least 615 million visitors
annually by 2008; by the beginning of 2016, over 130 million
customers were visiting the U.S. website each month. The company
has invested heavily in a massive amount of server capacity for its website,
especially to handle the excessive traffic during the Christmas holiday season. According to Alexa
Internet rankings, amazon.com is the third most popular website in the
United States and the 11th most popular website worldwide. Top-level domain and country code:
Amazon has been criticized for customer data collection practices, a toxic work culture, tax avoidance, and anti-competitive behavior.
Amazon also has investments in renewable energy and plans to
expand its position into the Canadian market through an investment in a new
plant in Alberta.
- Source - Wikipedia, the free encyclopedia
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