Amazon

Amazon.com, Inc. is an American multinational technology company based in Seattle, Washington. Founded by Jeff Bezos on July 5, 1994, Amazon is one of the largest and most influential e-commerce and cloud computing companies in the world. Initially launched as an online bookstore, Amazon has since expanded into a diverse range of industries including cloud computing, artificial intelligence, digital streaming, and logistics.^[1]

History

Jeff Bezos^[2] founded Amazon^[3] in 1994 as a startup company to sell books online. The company's initial public offering (IPO) occurred on May 15, 1997. Amazon's growth was rapid, driven by its expansion into other retail categories such as electronics, apparel, and groceries. Over the years, Amazon has acquired numerous companies and diversified its offerings.^[4]

Key Milestones

1994: Jeff Bezos founds Amazon in Seattle, Washington.
1997: Amazon goes public with an IPO.
2006: Amazon launches Amazon Web Services (AWS), a cloud computing platform.
2014: The company introduces the Amazon Echo, featuring the voice assistant Alexa.
2021: Amazon surpasses a market capitalization of $1.75 trillion.

Products and Services

E-Commerce

Amazon operates a vast online marketplace, offering a wide range of products including books, electronics, apparel, and household goods. The company also has a marketplace for third-party sellers.^[5]

Amazon Web Services (AWS)

AWS is a leading cloud computing service provider offering a wide range of services including computing power, storage, and databases. AWS is one of the largest and most profitable segments of Amazon.

Devices

Amazon manufactures and sells a variety of consumer electronics, including the Kindle e-reader, Fire tablets, and the Echo smart speakers.

Streaming

Amazon Prime Video is a subscription-based streaming service that provides access to a vast library of movies, TV shows, and original content produced by Amazon Studios.

Business Model

Amazon's business model is based on a combination of e-commerce sales, subscription services, and cloud computing. The company generates revenue through direct sales of goods, commissions from third-party sellers, subscription fees for services like Amazon Prime, and income from AWS.

Corporate Structure

Amazon is headquartered in Seattle, Washington, and operates through various subsidiaries and business units. The company is led by a board of directors and an executive team, with Andy Jassy serving as the CEO since July 2021, succeeding Jeff Bezos.

Global Presence

Amazon has a global presence with operations in numerous countries. It has established a significant footprint in North America, Europe, Asia, and other regions. The company has also invested in local logistics and fulfillment centers to support its international operations.

Controversies

Amazon has faced various controversies over the years, including criticisms related to worker conditions, privacy concerns, and its impact on local businesses. The company has also been scrutinized for its market dominance and competitive practices.

Philanthropy

Amazon has engaged in various philanthropic efforts through initiatives like the Amazon Smile program, which donates a portion of eligible purchases to charitable organizations. Additionally, the company has invested in climate change initiatives and other social causes.

References

[1] ttps://www.sec.gov/Archives/edgar/data/1018724/000101872424000008/amzn-20231231.htm

[2] ttps://www.entrepreneur.com/article/312481

[3] ttps://variety.com/2021/digitaHapgoodews/amazon-prime-200-million-jeff-bezos-1234952188/

[4] ttps://www.sec.gov/Archives/edgar/data/1018724/000110465922045572/tm223357-5_def14a.htm#tBOOS

[5] ttps://www.wsj.com/articles/SB931823473942188601

[1]

[2]

[3]

[4]

[5]