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 Inc.), Apple, Meta (Facebook), and Microsoft.[7][8][9][10] It has been referred to as "one of the most influential economic and cultural forces in the world", and the world's most valuable brand.[11][12][13]

Jeff Bezos founded Amazon from his garage in Bellevue, Washington,[14] 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.[15] 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.[16]

Amazon has earned a reputation as a disruptor of well-established industries through technological innovation and mass scale.[17][18][19][20] As of 2021, it is the world's largest Internet company, online marketplace, AI assistant provider, cloud computing platform,[21] and live-streaming service as measured by revenue and market share.[22] 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.[23] It is the second-largest private employer in the United States.[24]

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 is currently acquiring film and television studio Metro-Goldwyn-Mayer. It also produces consumer electronics—most notably, Kindle e-readers, Echo devices, Fire tablets, and Fire TV.

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. ^ "Amazon.com Inc". www.bloomberg.com.
  3. ^ Dastin, Jeffrey; Kaye, Danielle (July 30, 2021). "Amazon faces more than slowing sales growth: it needs more warehouses". Reuters. Retrieved September 27, 2021.{{cite web}}: CS1 maint: url-status (link)
  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. ^ Magazine, BrandZ (July 1, 2020). "BrandZ Global Top 100 Most Valuable Brands". BrandZ.
  14. ^ 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.
  15. ^ Kakutani, Michiko (October 28, 2013). "Selling as Hard as He Can". The New York Times. ISSN 0362-4331. Retrieved December 20, 2021.
  16. ^ Cite error: The named reference wf was invoked but never defined (see the help page).
  17. ^ "Fortune Global 500 List 2018: See Who Made It". Fortune. Retrieved January 8, 2019.
  18. ^ Furth, John F. (May 18, 2018). "Why Amazon and Jeff Bezos Are So Successful at Disruption". Entrepreneur. Retrieved May 16, 2019.
  19. ^ Bylund, Per (August 29, 2017). "Amazon's Lesson About Disruption: Rattle Any Market You Can". Entrepreneur. Retrieved May 16, 2019.
  20. ^ Newman, Daniel. "Alibaba vs. Amazon: The Battle Of Disruptive Innovation Beyond Traditional E-Commerce". Forbes. Retrieved May 16, 2019.
  21. ^ "Microsoft Cloud Revenues Leap; Amazon is Still Way Out in Front". srgresearch.com. Reno, Nevada: Synergy Research Group.
  22. ^ 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.
  23. ^ "Amazon Prime now has 200 million members, jumping 50 million in one year". news.yahoo.com. Retrieved December 20, 2021.
  24. ^ Cheng, Evelyn (September 23, 2016). "Amazon climbs into list of top five largest US stocks by market cap". CNBC. Retrieved February 20, 2019.
  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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