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Amazon.com, Inc.[7] (/ˈæməzɒn/), is an American multinational technology company based in Seattle, Washington. Amazon 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.[8][9][10][11] It has been referred to as "one of the most influential economic and cultural forces in the world" as well as the world's most valuable brand.[12][13]

 

Amazon.com, Inc.

Amazon logo.svg

Amazon Spheres 05.jpg

The Amazon Spheres, part of the Amazon headquarters campus in Seattle

Trade name

Amazon

Formerly

Cadabra, Inc. (1994–95)

Type

Public

Traded as

NASDAQ: AMZN

NASDAQ-100 component

S&P 100 component

S&P 500 component

ISIN

US0231351067

Industry

Cloud computing,

e-commerce,

artificial intelligence,

consumer electronics,

digital distribution,

self-driving cars

Founded

July 5, 1994; 26 years ago in Bellevue, Washington, United States

Founder

Jeff Bezos

Headquarters

Seattle, United States

Area served

Worldwide

Key people

Jeff Bezos (chairman, president and CEO)

Werner Vogels (CTO)

Products

EchoFire TabletFire TVFire OSKindle

Services

Amazon.comAmazon AlexaAmazon AppstoreAmazon MusicAmazon PrimeAmazon Prime VideoAmazon Web Services

Revenue

Increase US$280.522 billion (2019)

Operating income

Increase US$14.541 billion (2019)

Net income

Increase US$11.588 billion (2019)

Total assets

Increase US$225.248 billion (2019)

Total equity

Increase US$62.06 billion (2019)

Number of employees

Increase 1,000,000 (July 2020)[1]

Subsidiaries

A9.comAbeBooksAmazon AirAlexa InternetAmazon BooksAmazon Game StudiosAmazon Lab126Amazon Logistics, Inc.Amazon PublishingAmazon RoboticsAmazon.com ServicesAmazon StudiosAudibleBody LabsAWSBook DepositoryComiXologyGoodreadsGraphiqIMDbRingSouq.comTwitch InteractiveWhole Foods MarketWootZappos

Website

www.amazon.com

Footnotes / references

[2][3][4][5][6]

Amazon is known for its disruption of well-established industries through technological innovation and mass scale.[14][15][16] It is the world's largest online marketplace, AI assistant provider, live-streaming platform and cloud computing platform[17] as measured by revenue and market capitalization.[18] Amazon is the largest Internet company by revenue in the world.[19] It is the second largest private employer in the United States[20] and one of the world's most valuable companies.

 

Amazon was founded by Jeff Bezos in Bellevue, Washington, on July 5, 1994. The company started as an online marketplace for books but 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.[21] In 2017, Amazon acquired Whole Foods Market for US$13.4 billion, substantially increasing Amazon's footprint as a physical retailer.[22] In 2018, Bezos announced that its two-day delivery service, Amazon Prime, had surpassed 100 million subscribers worldwide.[23][24]

 

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,[25] a hyper-competitive and demanding work culture,[26] tax avoidance,[27] and anti-competitive practices.[28][29]

 

History

Further information: History of Amazon

 

The company's largest campus outside the United States 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.[30] 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.[31]

 

Board of directors

 

Amazon founder Jeff Bezos in 2016

As of September 2020, the board of directors is:[32]

 

Jeff Bezos, President, CEO, and Chairman

Keith B. Alexander, CEO IronNet Cybersecurity, former NSA Director

Rosalind Brewer, Group President, and COO, Starbucks

Jamie Gorelick, partner, Wilmer Cutler Pickering Hale, and Dorr

Daniel P. Huttenlocher, Dean of the Schwarzman College of Computing at the Massachusetts Institute of Technology

Judy McGrath, former CEO, MTV Networks

Indra Nooyi, former CEO, PepsiCo

Jon Rubinstein, former Chairman, and CEO, Palm, Inc.

Thomas O. Ryder, former Chairman, and CEO, Reader's Digest Association

Patty Stonesifer, President, and CEO, Martha's Table

Wendell P. Weeks, Chairman, President, and CEO, Corning Inc.

Merchant partnerships

In 2000, U.S. toy retailer Toys "R" Us entered into a 10-year agreement with Amazon, valued at $50 million per year plus a cut of sales, under which Toys "R" Us would be the exclusive supplier of toys and baby products on the service, and the chain's website would redirect to Amazon's Toys & Games category. In 2004, Toys "R" Us sued Amazon, claiming that because of a perceived lack of variety in Toys "R" Us stock, Amazon had knowingly allowed third-party sellers to offer items on the service in categories that Toys "R" Us had been granted exclusivity. In 2006, a court ruled in favor of Toys "R" Us, giving it the right to unwind its agreement with Amazon and establish its own independent e-commerce website. The company was later awarded $51 million in damages.[33][34][35]

 

In 2001, Amazon entered into a similar agreement with Borders Group, under which Amazon would comanage Borders.com as a co-branded service.[36] Borders pulled out of the arrangement in 2007, with plans to also launch its own online store.[37]

 

On October 18, 2011, Amazon.com announced a partnership with DC Comics for the exclusive digital rights to many popular comics, including Superman, Batman, Green Lantern, The Sandman, and Watchmen. The partnership has caused well-known bookstores like Barnes & Noble to remove these titles from their shelves.[38]

 

In November 2013, Amazon announced a partnership with the United States Postal Service to begin delivering orders on Sundays. The service, included in Amazon's standard shipping rates, initiated in metropolitan areas of Los Angeles and New York because of the high-volume and inability to deliver in a timely way, with plans to expand into Dallas, Houston, New Orleans and Phoenix by 2014.[39]

 

In June 2017, Nike confirmed a "pilot" partnership with Amazon to sell goods directly on the platform.[40][41][42]

 

As of October 11, 2017, AmazonFresh sold a range of Booths branded products for home delivery in selected areas.[43]

 

In September 2017, Amazon ventured with one of its sellers JV Appario Retail owned by Patni Group which has recorded a total income of US$ 104.44 million (₹ 759 crore) in financial year 2017–18.[44]

 

In November 2018, Amazon reached an agreement with Apple Inc. to sell selected products through the service, via the company and selected Apple Authorized Resellers. As a result of this partnership, only Apple Authorized Resellers may sell Apple products on Amazon effective January 4, 2019.[45][46]

 

Products and services

Main article: List of Amazon 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.[citation needed] 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.[47] Amazon has separate retail websites for some countries and also offers international shipping of some of its products to certain other countries.[48]

 

Amazon.com has a number of products and services available, including:

 

AmazonFresh

Amazon Prime

Amazon Web Services

Alexa

Appstore

Amazon Drive

Echo

Kindle

Fire tablets

Fire TV

Video

Kindle Store

Music

Music Unlimited

Amazon Digital Game Store

Amazon Studios

AmazonWireless

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