Amazon.com,Inc.( 1)(/ ˈæməzɒn/ AM- ə- zon UK also/ ˈæməzən/ AM- ə- zən) is an American transnational technology company fastening one-commerce, pall computing, online advertising, digital streaming, and artificial intelligence. It has been appertained to as” one of the most influential profitable and artistic forces in the world”,( 5) and is one of the world’s most precious brands.( 6) It’s one of the Big Five American information technology companies, alongside ABC( Google), Apple, Meta( Facebook), and Microsoft.
Amazon was innovated by Jeff Bezos from his garage in Bellevue, Washington,( 7) on July 5, 1994. originally an online business for books, it has expanded into a multitude of product orders, a strategy that has earned it the moniker The Everything Store.( 8) It has multiple accessories including Amazon Web Services( pall computing), Zoox( independent vehicles), Kuiper Systems( satellite Internet), and Amazon Lab126( computer tackle R&D). Its other accessories include Ring, Twitch, IMDb, and Whole Foods Market. Its accession of Whole Foods in August 2017 forUS$13.4 billion mainly increased its footmark as a physical retailer.
Amazon has earned a character as a disruptor of well- established diligence through technological invention and” aggressive” reinvestment of gains into capital expenditures.( 10)( 11)( 12)( 13) As of 2023, it’s the world’s largest online retailer and business, smart speaker provider, pall computing service through AWS,( 14) live- streaming service through Twitch, and Internet company as measured by profit and request share.( 15) 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.( 16)( 17) It’s the alternate- largest private employer in the United States. Amazon was innovated on July 5, 1994, by Jeff Bezos, who chose the Seattle area for its cornucopia of specialized gift, as Microsoft was in the area.( 25) Amazon went public in May 1997. It began dealing music and vids in 1998, and began transnational operations by acquiring online merchandisers of books in the United Kingdom and Germany. The ensuing time, it began dealing music, videotape games, consumer electronics, home enhancement particulars, software, games, and toys.( 26)( 27) In 2002, it launched Amazon Web Services( AWS), which originally concentrated on furnishing APIs for web inventors to make web operations on top of Amazon’s ecommerce platform.( 28)( 29) In 2004, AWS was expanded to give website fashionability statistics and web straggler data from the Alexa Web Information Service.( 30) AWS latterly shifted toward furnishing enterprise services with Simple Storage Service( S3) in 2006,( 31) and Elastic Compute Cloud( EC2) in 2008,( 32) allowing companies to rent data storehouse and calculating power from Amazon. In 2006, Amazon also launched the Fulfillment by Amazon program, which allowed individualities and small companies( called” third- party merchandisers”) to vend products through Amazon’s storages and fulfillment structure.
Amazon bought the Whole Foods Market supermarket chain in 2017.( 34) During the COVID- 19 epidemic, Amazon introduced a hazard pay of$ 2- per- hour, changes to overtime pay, and a policy of unlimited, overdue time off until April 30, 2020. The hazard pay increase expired in June 2020, and the paid time- off policy in May 2022.( 35)( 36) Amazon also introduced temporary restrictions on the trade of unnecessary goods, and hired,000 further staff in the US and Canada.( 37) Some Amazon workers in the US, France, and Italy protested the company’s decision to” run normal shifts” despite numerous positive COVID- 19 cases.( 38)( 39) In Spain, the company has faced legal complaints over its programs.( 40) A group of US Legislators wrote an open letter to Bezos in March 2020, expressing enterprises about worker safety.( 41) On February 2, 2021, Amazon blazoned that Jeff Bezos would step down as CEO to come administrative president of Amazon’s board in Q3 of 2021. Andy Jassy, preliminarily CEO of AWS, came Amazon’s CEO.( 42)( 43) In January 2023, Amazon blazoned job cuts for over,000 workers, in an attempt to cut costs.
Amazon.com is an ecommerce platform that sells numerous product lines, including media( books, pictures, music, and software), vesture, baby products, consumer electronics, beauty products, epicure food, groceries, health and particular care products, artificial & scientific inventories, kitchen particulars, jewelry, watches, field and theater particulars, musical instruments, sporting goods, tools, automotive particulars, toys and games, and ranch inventories( 46) and consulting services.( 47) Amazon websites are country-specific( for illustration,amazon.com for theU.S. andamazon.fr for France), though some offer transnational shipping.( 48) Visits toamazon.com grew from 615 million periodic callers in 2008,( 49) to further than 2 billion per month in 2022.( 50) The ecommerce platform is the 14th most visited website in the world.( 51) Results generated by Amazon’s hunt machine are incompletely determined by promotional freights.( 52) The company’s localized storefronts, which differ in selection and prices, are discerned by top- position sphere and country law
In 2000,U.S. toy retailer Toys” R” Us entered into a 10- time agreement with Amazon, valued at$ 50 million per time plus a cut of deals, under which Toys” R” Us would be the exclusive supplier of toys and baby products on the service, and the chain’s website would deflect to Amazon’s Toys & Games order. In 2004, Toys” R” Us sued Amazon, claiming that because of a perceived lack of variety in Toys” R” Us stock, Amazon had deliberately allowed third- party merchandisers to offer particulars on the service in orders that Toys” R” Us had been granted exclusivity. In 2006, a court ruled in favor of Toys” R” Us, giving it the right to decompress its agreement with Amazon and establish its independente-commerce website. The company was latterly awarded$ 51 million in damages.( 56)( 57)( 58) In 2001, Amazon entered into a analogous agreement with Borders Group, under which Amazon would comanageBorders.com as aco-branded service.( 59) Borders pulled out of the arrangement in 2007, with plans to also launch its own online store.( 60) On October 18, 2011,Amazon.com blazoned a cooperation with DC Comics for the exclusive digital rights to numerous popular comics, including Superman, Batman, Green Lantern, The Sandman, and Watchmen. The cooperation has caused well- known bookstores like Barnes & Noble to remove these titles from their shelves.
The store is,500 square bases and prices for all products match those on its website.( 87) Amazon opened its tenth physical book store in 2017;( 88) media enterprise suggests that Amazon plans to ultimately roll out 300 to 400 bookstores around the country.( 87) In June 2018, it was reported that Amazon planned to open slipup and mortar bookstores in Germany.( 89) In August 2019, Amazon applied to have a liquor store in San Francisco, CA as a means to transport beer and alcohol within the megacity.( 90) In 2020, Amazon Fresh opened several physical stores in theU.S. and the United Kingdom.