Jeff Bezos founded Amazon from his garage in Bellevue, Washington, on July 5, 1994. It started as an online market for books however improved to promote electronics, software, video games, apparel, furniture, food, toys, and jewelry. In 2015, Amazon surpassed Walmart as the most precious retailer in the United States with the aid of market capitalization. In 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 a hundred 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 marketplace, AI assistant provider, live-streaming platform, and a 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 organization in the United States and one of the world's most valuable companies. As of 2020, Amazon has the best international company valuation.
Amazon distributes downloads and streaming of video, music, and audiobooks through its Prime Video, Amazon Music, Twitch, and Audible subsidiaries. Amazon also has a publishing arm, Amazon Publishing, a 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 TV, and Echo devices. Its acquisitions over the years include Ring, Twitch, Whole Foods Market, and IMDb.
Amazon has been criticized for practices that include technological surveillance overreach, a hyper-competitive, and demanding work culture, tax avoidance, and anti-competitive behavior.
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