Amazon (AMZN) is a multinational technology business which was first found in Seattle, Washington, and its main focus is on cloud computing, E-commerce, artificial intellect and digital streaming.
This company is also known as the big five companies in the United States information technology industry. Along with Apple, Google, Microsoft and Facebook, this company is known as the most influential economic and cultural force in the whole world, as well as it is called as the world’s biggest brand.
Amazon inc was founded on July 5, 1994, through Jeff Bezos. It was started within Bellevue, Washington. The company was originally started to sell books and furniture, but now in 2015, it has started selling software, electronics, video games, food, apparel, toys and jewellery.
During 2015, Amazon exceeded Walmart, which was the entirety of the biggest retailer and the market capitalization in the US.
In the year 2017, it also acquired a whole food market by paying just 13.4 Billion USD which helped it increase its customer and trail as a physical seller.
In 2018, Amazon launched the Amazon prime facility in which anything you order will be delivered to you in 2 days, and after some time he announced that there was a completion of 100 Million patrons globally.
The world-renowned brand
Amazon is known for its best service and the best goods and also its fast delivery as well. This is the globe’s biggest cloud computing platform, the marketplace, AI assistant provider and live streaming.
When comparing Amazon’s revenue with other companies, Amazon is known as the largest and the biggest internet company by revenue in the world.
IT is the second-largest private employer in the US and also the most valuable companies that the US have had in the past as well.
On Amazon, you can stream and download video, music and audiobooks online using the Amazons prime video, Amazon music, twitch and audible subsidiaries.
Amazon has been called to be criticized for practices like surveillance watch overreach, extra-competitive and commanding work practice, tax avoidance and also for being anti-competitive.
Amazon due to it being a large company, it has many shareholders, debenture holder etc. The stocks of Amazon company are listed as AMZN in the stock market to avoid any confusion.
Due to the sudden rise in the company, its stock price has raised very much and have reached around 3000 or 4000 USD as the starting price of the stocks.
Amazon has also been featured in the Forbes magazine and been called as the biggest and fastest company in the US. You can get more information from AMZN news.