January 10, 2025

Amazon.com, Inc. Amazon is an American multinational technology company. Which are focusing on e-commerce, online advertising, and digital streaming. It is one of the most influential cultural and economic forces in the world. And one of the most valuable brands in the world.

Jeff Bezos founded Amazon in Washington on 5th July 1994. Initially, it was just a marketplace for books, but now it expanded to a multitude of categories of products.

In 2021 it is the world’s largest marketplace for online retailers, smart product providers, and cloud computing services. Amazon also distributes a different variety of streaming and downloadable content through Amazon Video, Amazon music, and so on.

History at Glance

July 1994 to 2006.

On 5th July 1994 Amazon was founded by Jeff Bezos. In 1997 it went public. And in 1998 it began selling videos, and books in the United Kingdom and Germany. The web service of Amazon was launched in 2002. And in 2006 Amazon launched the Fulfillment by Amazon program. Which allowed the third-party seller (individuals and small company) to sell their products through Amazon.

2007 to Present

In 2017 Amazon purchased the Whole Food supermarket chain.

During the pandemic of Covid-19, Amazon introduces a hazard and risk pay of $2/hour. In May 2022 Amazon introduce temporary restrictions on the sale of none essential goods. In 2022 they hired more staff in the US and Canada number 100,000.

Statistics

In 2021 the total revenue of Amazon was 469.822 billion US dollars. The Operating Income of Amazon is US$ 24.879 billion in 2021. The net income in 2021 was US$ 33.364 billion. Total assets was US$ 420.549 billion, and total equity US$ 138.245 billion in 2021. The number of employees of Amazon is 1,544,000 in September 2022 and U.S. 950,000 in June 2021.

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