Amazon (company)

Amazon (company)

A multinational technology company focusing in e-commerce and cloud computing.

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Edits on 15 Jan, 2021
Erin Scherfner"Research engine edit"
Erin Scherfner edited on 15 Jan, 2021
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Infobox (+4 properties)
Infobox
Industry
Customer support
Edits on 13 Jan, 2021
Erin Scherfner"Research engine edit"
Erin Scherfner edited on 13 Jan, 2021
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Is a
Investor
Acquisitions
IMDb
Strategic Partnerships
Amazon and n26 strategic partnership
Creator
Jeff Bezos
Headquarters
Seattle
Market capitalization
1,570,000,000,000
Owner
Jeff Bezos
SIC code
5,961
Ticker symbol
AMZN
Industry
Smart speaker
Edits on 2 Dec, 2020
Erin Scherfner
Erin Scherfner edited on 2 Dec, 2020
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Infobox
B2X
B2B2C
Company status
Active
Competitors
Facebook
Email address
cis@amazon.comprimary@amazon.com
Founded date
July 5, 1994
Number of Employees (ranges)
100,000+
Phone number
1 (888) 280-4331
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Amazon is a multinational technology company, founded and headquartered in Seattle, Washington, in 1994. The company focuses on various services, including e-commerce, cloud computing, digital streaming, and artificial intelligence (AI). Amazon is considered one of the Big Five information technology companies in the United States alongside Microsoft, Apple, GoogleGoogle, and Facebook. Amazon was referred to as the "most valuable brand" in the world by PR Newswire in 2019.

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In November of 2018, Amazon announced it would open its new headquarters, HQ2, in Long Island CityLong Island City, Queens, New York City, and the Crystal City neighborhood in Arlington, Virginia. However, on February 14, 2019, Amazon announced it would not be moving forward with the Queens project and would solely focus on the Arlington, Virginia location. The company plans to staff HQ2 with at least 25,000 employees by 2030 and will invest more than $2.5 billion in the project. The announcement led to a partnership between Amazon and Virginia Tech to develop an Innovation Campus to meet high-tech talent demand.

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Amazon is a multinational technology company, founded and headquartered in Seattle, Washington, in 1994. The company focuses on various services, including e-commerce, cloud computing, digital streaming, and artificial intelligence (AI). Amazon is considered one of the Big Five information technology companies in the United States alongside MicrosoftMicrosoft, Apple, Google, and Facebook. Amazon was referred to as the "most valuable brand" in the world by PR Newswire in 2019.

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In September of 2018, Amazon launched its last-mile delivery program and ordered 20,000 Mercedes-Benz Sprinter vans for the independent delivery service to expedite shipping further. The expansion also allowed Amazon to extend shipping on Sunday. Amazon also partnered with the United States Postal ServiceUnited States Postal Service (USPS) to offer shipping in less populated areas on Sundays as USPS is responsible for 40% of the domestic product shipping.

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Amazon distributes products like downloads and streaming of video, music, and audiobooks through its Prime Video, Amazon Music, Twitch, and Audible subsidiaries. Additionally, Amazon has its own publishing company, Amazon Publishing, a film and television studio, Amazon StudiosAmazon Studios, and a cloud computing subsidiary, Amazon Web Services. The company has developed and produced various electronic devices, including Kindle e-readers, Fire tablets, Fire TV, and Echo devices. Amazon has made multiple acquisitions over the years, including Ring security, Twitch, Whole Foods Market, and IMDb.

Erin Scherfner
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Amazon is a multinational technology company, founded and headquartered in SeattleSeattle, Washington, in 1994. The company focuses on various services, including e-commerce, cloud computing, digital streaming, and artificial intelligence (AI). Amazon is considered one of the Big Five information technology companies in the United States alongside Microsoft, Apple, Google, and Facebook. Amazon was referred to as the "most valuable brand" in the world by PR Newswire in 2019.

Erin Scherfner
Erin Scherfner approved a suggestion from Golden's AI on 2 Dec, 2020
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In November of 2018, Amazon announced it would open its new headquarters, HQ2, in Long Island City, Queens, New York City, and the Crystal City neighborhood in Arlington, Virginia. However, on February 14, 2019, Amazon announced it would not be moving forward with the Queens project and would solely focus on the Arlington, Virginia location. The company plans to staff HQ2 with at least 25,000 employees by 2030 and will invest more than $2.5 billion in the project. The announcement led to a partnership between Amazon and Virginia TechVirginia Tech to develop an Innovation Campus to meet high-tech talent demand.

Erin Scherfner
Erin Scherfner approved a suggestion from Golden's AI on 2 Dec, 2020
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Amazon is a multinational technology company, founded and headquartered in Seattle, Washington, in 1994. The company focuses on various services, including e-commerce, cloud computingcloud computing, digital streaming, and artificial intelligence (AI). Amazon is considered one of the Big Five information technology companies in the United States alongside Microsoft, Apple, Google, and Facebook. Amazon was referred to as the "most valuable brand" in the world by PR Newswire in 2019.

Erin Scherfner
Erin Scherfner approved a suggestion from Golden's AI on 2 Dec, 2020
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Amazon is a multinational technology company, founded and headquartered in Seattle, Washington, in 1994. The company focuses on various services, including e-commerce, cloud computing, digital streaming, and artificial intelligence (AI). Amazon is considered one of the Big Five information technology companies in the United States alongside Microsoft, Apple, Google, and FacebookFacebook. Amazon was referred to as the "most valuable brand" in the world by PR Newswire in 2019.

Erin Scherfner
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In July of 1995, Amazon officially launched its service as an online book retailer. The first book to ever be sold by Amazon was Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought by Douglas Hofstadter. Within the first two months of operation, Amazon had sold books to all 50 states and over 45 countries, and sales were totaling up to $20,000 per week. By October 1995, the company announced itself to the public, and in 1996, it was reincorporated in DelawareDelaware. Amazon issued its initial public offering (IPO) of stock on May 15, 199t, at $18 a share, trading on the NASDAQ with the exchange symbol AMZN.

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On August 8, 2018, a story in Bloomberg BusinessweekBloomberg Businessweek stated that Amazon had a 5% stake in U.S. retail spending (excluding the automotive market and restaurant industry) and a 43.5% stake in American online expenditure.

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Amazon was initially founded in 1994 by Jeff Bezos as Cadabra, Inc. Cadabra, Inc was developed as a result of what Bezos called his “regret minimization framework,” which was a description of his efforts to avoid regrets regarding late participation in the internet business boom that occurred in the mid-1990s. Bezos left his position as vice-president of D.E. Shaw & Co., a Wall StreetWall Street investment firm, in 1994 and moved to Seattle to build the business plan for what would initially be named Cadabra, but would become Amazon in 1995. Bezos decided to change the company name after a lawyer mistook the name Cadabra for “cadaver.”

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The Kindle is a portable e-reader tablet where books can be downloaded and stored for easy access. It is compatible with downloads from various retailers including Barnes & NobleBarnes & Noble, Good Reads, and Audible.

Erin Scherfner
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In July of 1995, Amazon officially launched its service as an online book retailer. The first book to ever be sold by Amazon was Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought by Douglas Hofstadter. Within the first two months of operation, Amazon had sold books to all 50 states and over 45 countries, and sales were totaling up to $20,000 per week. By October 1995, the company announced itself to the public, and in 1996, it was reincorporated in Delaware. Amazon issued its initial public offering (IPO) of stock on May 15, 199t, at $18 a share, trading on the NASDAQNASDAQ with the exchange symbol AMZN.

Erin Scherfner
Erin Scherfner approved a suggestion from Golden's AI on 2 Dec, 2020
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In July of 1995, Amazon officially launched its service as an online book retailer. The first book to ever be sold by Amazon was Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought by Douglas HofstadterDouglas Hofstadter. Within the first two months of operation, Amazon had sold books to all 50 states and over 45 countries, and sales were totaling up to $20,000 per week. By October 1995, the company announced itself to the public, and in 1996, it was reincorporated in Delaware. Amazon issued its initial public offering (IPO) of stock on May 15, 199t, at $18 a share, trading on the NASDAQ with the exchange symbol AMZN.

Erin Scherfner
Erin Scherfner approved a suggestion from Golden's AI on 2 Dec, 2020
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At the end of March in 2020, some employees at the Staten IslandStaten Island warehouse staged a walkout in protest of the health conditions within their workplace amidst the COVID-19 pandemic. One of the organizers, Chris Smalls, was the first to be put on quarantine without other employees being quarantined. Soon after, Smalls was fired from Amazon.

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