Wiki:Amazon (company)

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Cadabra, Inc. (1994–95)
Traded as
FoundedJuly 5, 1994; 26 years ago (1994-07-05)
Bellevue, Washington, U.S.
FounderJeff Bezos
Seattle, Washington
Area served
Key people
RevenueIncrease US$280.522 billion (2019)
Increase US$14.541 billion (2019)
Increase US$11.588 billion (2019)
Total assetsIncrease US$225.248 billion (2019)
Total equityIncrease US$62.06 billion (2019)
Number of employees
Increase 1,125,300 (Sept. 2020)[1]
Footnotes / references
[2][3][4][5][6], Inc.[7] (/ˈæməzɒn/ AM-ə-zon), is an American multinational technology company based in Seattle, Washington, which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook.[8][9][10][11] 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.[12][13]

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.[14] In 2017, Amazon acquired Whole Foods Market for US$13.4 billion, which substantially increased its footprint as a physical retailer.[15] In 2018, Bezos announced that its two-day delivery service, Amazon Prime, had surpassed 100 million subscribers worldwide.[16][17]

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

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. Its acquisitions over the years include Ring, Twitch, Whole Foods Market, and IMDb. The company has been criticized for various practices including technological surveillance overreach,[25] a hyper-competitive and demanding work culture,[26] tax avoidance,[27] and for being anti-competitive.[28][29]

  1. ^ Retrieved 27 November 2020.
  2. ^ Annual report 2019. Seattle, Washington: Amazon. December 31, 2019. Archived from the original on February 26, 2020. Retrieved May 1, 2020.
  3. ^ ", Inc. Common Stock (AMZN) Financials".
  4. ^ "Form 10-K". December 31, 2018. Archived from the original on April 20, 2019. Retrieved April 12, 2019.
  5. ^ "California Secretary of State Business Search".
  6. ^ "Amazon bought Whole Foods a year ago. Here's what has changed". Yahoo! Finance.
  7. ^ ", Inc. - Form-10K". NASDAQ. December 31, 2018. Retrieved March 17, 2019.
  8. ^ Lotz, Amanda. "'Big Tech' isn't one big monopoly – it's 5 companies all in different businesses". The Conversation. Retrieved May 16, 2019.
  9. ^ "The Big Four of Technology". October 31, 2017. Retrieved May 16, 2019.
  10. ^ Rivas, Teresa. "Ranking The Big Four Tech Stocks: Google Is No. 1, Apple Comes In Last". Retrieved May 16, 2019.
  11. ^ "FANG Stocks News: Facebook, Amazon, Netflix And Google". September 15, 2020.
  12. ^ Kantar. "Accelerated Growth Sees Amazon Crowned 2019's BrandZ™ Top 100 Most Valuable Global Brand". Retrieved May 25, 2020.
  13. ^ "Amazon Empire: The Rise and Reign of Jeff Bezos".
  14. ^ Cite error: The named reference was invoked but never defined (see the help page).
  15. ^ Wingfield, Nick; de la Merced, Michael J. (June 16, 2017). "Amazon to Buy Whole Foods for $13.4 Billion". The New York Times. ISSN 0362-4331. Retrieved February 20, 2019.
  16. ^ "Jeff Bezos reveals Amazon has 100 million Prime members in letter to shareholders". April 18, 2018. Retrieved January 2, 2019.
  17. ^ "Amazon - Investor Relations - Annual Reports, Proxies and Shareholder Letters". Archived from the original on April 29, 2019. Retrieved September 6, 2018.
  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". 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. ^ "Fortune Global 500 List 2018: See Who Made It". Fortune. Retrieved January 8, 2019.
  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. ^ Cite error: The named reference was invoked but never defined (see the help page).
  28. ^ Khan, Lina (January 2017). "Amazon's Antitrust Paradox". Yale Law Journal. 126 (3): 564–907.
  29. ^ Cite error: The named reference was invoked but never defined (see the help page).

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