What is Amazon?

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Amazon:

Amazon.com is an American multinational conglomerate which focuses on e-commercecloud computingdigital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with GoogleAppleMicrosoft, and Facebook. 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.

Jeff Bezos founded Amazon from his garage in Bellevue, Washington, on July 5, 1994. It 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. In August 2017, Amazon acquired Whole Foods Market for US$13.4 billion, which substantially increased its footprint as a physical retailer. In 2018, its two-day delivery service, Amazon Prime, surpassed 100 million subscribers worldwide.

Amazon is known for its disruption of well-established industries through technological innovation and mass scale. It is the world’s largest online marketplaceAI assistant provider, live-streaming platform and cloud computing platform as measured by revenue and market capitalization. Amazon is the largest Internet company by revenue in the world. It is the second largest private employer in the United States and one of the world’s most valuable companies. As of 2020, Amazon has the highest global brand valuation.

Amazon distributes a variety of downloadable and streaming content through its Amazon Prime VideoAmazon MusicTwitch, and Audible subsidiaries. Amazon also has a publishing arm, Amazon Publishing, film and television studio Amazon Studios, and a cloud computing subsidiary, Amazon Web Services. It produces consumer electronics including Kindle e-readersFire tabletsFire TV, and Echo devices. Its acquisitions over the years include RingTwitch, Whole Foods Market, and IMDb. Amazon is currently in the process of purchasing film and television studio, Metro-Goldwyn-Mayer.

Amazon has been criticized for practices including technological surveillance overreach, a hyper-competitive and demanding work culture, tax avoidance, and anti-competitive behavior.

Largest Company Campus of Amazon:

The company’s largest campus outside the United States was inaugurated in Hyderabad, India in September 2019.

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