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About Amazon Company And Its History

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Amazon ( Amazon.com, Inc. ) is an American company with the world’s largest e-commerce and public cloud computing platform by revenue and market capitalization. Headquarters – in Seattle.

In 2019 the brand Amazon.com was the most expensive in the world and estimated at $ 415 billion. In 2019 the company became the most expensive in the world, surpassing Microsoft, the price on January 7, 2019 was $ 797 billion .

Founded by Jeff Bezos July 5, 1994 as an online bookstore, but later diversified into selling videos, MP3s, audiobooks (both streamed and downloaded), software, video games, electronics, clothing, furniture, food, toys and jewelry. The company also owns the publishing arm of Amazon Publishing, the movie studio Amazon Studios, manufactures lines of consumer electronics products including Kindle e-readers, Amazon Fire tablets, Fire TV and Echo smart speaker, and is the world’s largest service provider in IaaS and PaaS (Amazon Web Services ). Maintains separate retail sites for some countries, and also offers international shipping for some of its products to some other countries. About 100 million people have signed up for Amazon Prime .

History of Amazon Inc.

Amazon.com was founded in 1994 by American entrepreneur Jeff Bezos, and the site was launched in 1995. The company was named after the Amazon River, the deepest river in the world of e . Initially, only books were sold on the site. In June 1998, the store began selling music CDs, and in November of the same year , video products. Later, the range included MP3 recordings, software, video games, electronics, clothing, furniture, food and toys, etc.

On May 15, 1997, the company’s initial public offering on NASDAQ took place.

In 2006, the Shopbop company was bought.

In 2010, the company absorbed Quidsi (Diapers.com) for $ 545 ml n .

In 2011, the company employed 30 thousand Amazon.com. Employees in .

In 2012, the corporation bought Kiva Systems (now Amazon Robotics), a manufacturer of warehouse robots designed to move goods automatically. According to Wall Street analysts, the introduction of robots to automate warehouse operations will allow Amazon to reduce the cost of preparing orders by 40 % .

Since April 2013, Amazon Studios, a subsidiary of Amazon Studios, has entered the streaming media market, which produces feature TV films and TV series in .

On October 9, 2014, plans were announced to open in Manhattan (New York) the first ever offline store a . A little later, it was reported esch ie about one stall – this time in San Francisco.

December 7, 2016 Bezos said the company carried out the first delivery and the goods to the buyer by a drone and .

At the end of 2016, the company employed 180 thousand employees .

In 2017, Whole Foods Market was acquired for $ 14 billion .

In July 2018 it was reported that Amazon has increased net profit in the II quarter of 2018 almost 13 times as compared to the same period of 2017, the index for the first time exceeded $ 2 billion mantas d. On September 4, 2018, the company’s capitalization exceeded $ 1 trillion, making Amazon the second-ever company to go beyond this frontier (after Apple ).

In 2019, the company became the most expensive in the world, surpassing Microsoft, its price as of January 7, 2019, was $ 797 billion.

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