Amazon (company)

Amazon.com, Inc.
Amazon
FormerlyCadabra, Inc. (1994–1995)
TypePublic
ISINUS0231351067
Industry
FoundedJuly 5, 1994; 27 years ago (1994-07-05)
Bellevue, Washington, U.S.
FounderJeff Bezos
Headquarters,
U.S.
Area served
Worldwide
Key people
Products
Services
RevenueIncrease US$386.064 billion (2020)
Increase US$22.9 billion (2020)
Increase US$21.331 billion (2020)
Total assetsIncrease US$321.2 billion (2020)
Total equityIncrease US$93.404 billion (2020)
OwnerJeff Bezos (14.0% voting power, 10.6% economic interest)[1]
Number of employees
Increase 1,468,000 (Sept. 2021)[2][3]
U.S.: 810,000 (Oct. 2020)
Subsidiaries
Websiteamazon.com
Footnotes / references
[4][5]

Amazon.com, Inc.[6] (/ˈæməzɒn/ AM-ə-zon) is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google (Alphabet), Apple, Meta (Facebook), and Microsoft.[7][8][9][10] The company 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.[11][12]

Jeff Bezos founded Amazon from his garage in Bellevue, Washington,[13] on July 5, 1994. It 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.[14] In August 2017, Amazon acquired Whole Foods Market for US$13.4 billion, which substantially increased its footprint as a physical retailer.[15] In 2018, its two-day delivery service, Amazon Prime, surpassed 100 million subscribers worldwide.[16]

Amazon is known for its disruption of well-established industries through technological innovation and mass scale.[17][18][19] It is the world's largest online marketplace, AI assistant provider, live-streaming platform and cloud computing platform[20] as measured by revenue and market capitalization.[21] Amazon is the largest Internet company by revenue in the world.[22] It is the second-largest private employer in the United States[23] and one of the world's most valuable companies. As of 2020, Amazon has the highest global brand valuation.[24]

Amazon distributes a variety of downloadable and streaming content through its Amazon Prime Video, Amazon Music, Twitch, and Audible subsidiaries. Amazon also has a publishing arm, Amazon Publishing, 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. Its acquisitions over the years include Zoox, Ring, Twitch, Whole Foods Market, and IMDb. Amazon is currently in the process of purchasing film and television studio, Metro-Goldwyn-Mayer.

Amazon has been criticized for practices including technological surveillance overreach,[25] a hyper-competitive and demanding work culture,[26] tax avoidance,[27] and anti-competitive behavior.[28][29]

  1. ^ "tm2035374-1_def14a - none - 7.9375412s". www.sec.gov.
  2. ^ https://www.bloomberg.com/profile/company/AMZN:US.
  3. ^ Dastin, Jeffrey; Kaye, Danielle (July 30, 2021). "Amazon faces more than slowing sales growth: it needs more warehouses". Reuters. Retrieved September 27, 2021.
  4. ^ "Amazon.com, Inc. 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  5. ^ "California Secretary of State Business Search". Secretary of State of California.
  6. ^ "Amazon.com, Inc. - Form-10K". NASDAQ. December 31, 2018. Retrieved March 17, 2019.
  7. ^ Lotz, Amanda. "'Big Tech' isn't one big monopoly – it's 5 companies all in different businesses". The Conversation. Retrieved May 16, 2019.
  8. ^ "The Big Four of Technology". October 31, 2017. Retrieved May 16, 2019.
  9. ^ Rivas, Teresa. "Ranking The Big Four Tech Stocks: Google Is No. 1, Apple Comes In Last". www.barrons.com. Retrieved May 16, 2019.
  10. ^ "FANG Stocks News: Facebook, Amazon, Netflix And Google". Investor's Business Daily. September 15, 2020.
  11. ^ Kantar. "Accelerated Growth Sees Amazon Crowned 2019's BrandZ™ Top 100 Most Valuable Global Brand". www.prnewswire.com. Retrieved May 25, 2020.
  12. ^ "Amazon Empire: The Rise and Reign of Jeff Bezos". PBS.
  13. ^ Guevara, Natalie (November 17, 2020). "Amazon's John Schoettler has helped change how we think of corporate campuses". bizjournals.com. Archived from the original on March 9, 2021. Retrieved March 9, 2021.
  14. ^ Cite error: The named reference :3 was invoked but never defined (see the help page).
  15. ^ Cite error: The named reference wf was invoked but never defined (see the help page).
  16. ^ "Jeff Bezos reveals Amazon has 100 million Prime members in letter to shareholders". CNBC. April 18, 2018. Retrieved January 2, 2019.
  17. ^ Furth, John F. (May 18, 2018). "Why Amazon and Jeff Bezos Are So Successful at Disruption". Entrepreneur. Retrieved May 16, 2019.
  18. ^ Bylund, Per (August 29, 2017). "Amazon's Lesson About Disruption: Rattle Any Market You Can". Entrepreneur. Retrieved May 16, 2019.
  19. ^ Newman, Daniel. "Alibaba vs. Amazon: The Battle Of Disruptive Innovation Beyond Traditional E-Commerce". Forbes. Retrieved May 16, 2019.
  20. ^ "Microsoft Cloud Revenues Leap; Amazon is Still Way Out in Front". srgresearch.com. Reno, Nevada: Synergy Research Group.
  21. ^ Jopson, Barney (July 12, 2011). "Amazon urges California referendum on online tax". Financial Times. Archived from the original on July 14, 2011. Retrieved August 4, 2011.
  22. ^ "Fortune Global 500 List 2018: See Who Made It". Fortune. Retrieved January 8, 2019.
  23. ^ Cheng, Evelyn (September 23, 2016). "Amazon climbs into list of top five largest US stocks by market cap". CNBC. Retrieved February 20, 2019.
  24. ^ Magazine, BrandZ (July 1, 2020). "BrandZ Global Top 100 Most Valuable Brands". BrandZ.
  25. ^ Harwell, Drew (April 30, 2019). "Amazon's facial-recognition AI is supercharging police in Oregon". The Washington Post. Retrieved June 30, 2019.
  26. ^ Kantor, Jodi; Streitfeld, David. "Inside Amazon: Wrestling Big Ideas in a Bruising Workplace". The New York Times. Retrieved February 15, 2020.
  27. ^ Stampler, Laura (February 14, 2019). "Amazon Will Pay a Whopping $0 in Federal Taxes on $11.2 Billion Profits". Fortune. Retrieved February 20, 2019.
  28. ^ Khan, Lina (January 2017). "Amazon's Antitrust Paradox". Yale Law Journal. 126 (3): 564–907.
  29. ^ Cite error: The named reference baum was invoked but never defined (see the help page).

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