Amazon.com, Inc. is an American multinational technology company focusing on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the top five companies in the information technology industry. The company is recognized as "one of the most influential economic and cultural forces in the world" as well as the world's most valuable brand.
Jeff Bezos founded Amazon on July 5, 1994, from his garage in Bellevue, Washington. It began 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 in terms of market capitalization. In 2017, Amazon acquired Whole Foods Market for US$13.4 billion, significantly increasing its footprint as a physical retailer. In 2018, its two-day delivery service, Amazon Prime, crossed 100 million customers worldwide.
Amazon is known for its technological innovation and the dismantling of large-scale established industries. It is the world's largest online marketplace, AI assistant provider, live-streaming platform, and cloud computing platform, as measured by revenue and market capitalization. Amazon is the largest internet company in the world by revenue. It is the second-largest private employer in the United States and one of the most valuable companies in the world. As of 2020, Amazon has the highest global brand valuation.
Amazon distributes the download and streaming of videos, music, and audiobooks through its Amazon Prime Video, Amazon Music, Twitch, and Audible subsidiaries. Amazon also has a publishing arm, Amazon Publishing, the 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 TVs, and Echo devices. Its acquisitions over the years include Ring, Twitch, Whole Foods Market, and IMDb. Amazon is currently in the process of buying Metro-Goldwyn-Mayer, a film and television studio.
Amazon has been criticized for practices including tech surveillance overreach, an over-competitive, and demanding work culture, tax avoidance, and anti-competitive behavior.
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