What is Amazon?

What Is Amazon? 1994 To 2021 

 Amazon is a multinational technology company that started as an online marketplace for books but has since expanded into various other areas, including e-commerce, cloud computing, digital streaming, and artificial intelligence. Founded by Jeff Bezos in 1994, Amazon has grown to become one of the largest and most influential companies in the world. It operates numerous subsidiaries, such as Amazon Web Services (AWS), which provides cloud computing services, and Amazon Prime, a subscription service offering benefits like fast shipping, streaming of movies and TV shows, and more.

Amazon's history is quite extensive, so I'll provide a brief timeline of key events:

1. 1994: Jeff Bezos founds Amazon.com in his garage in Seattle, Washington, initially as an online bookstore.

2. 1995:Amazon.com officially launches to the public, offering millions of titles for sale.

3. 1997: Amazon goes public, trading on the NASDAQ under the ticker symbol "AMZN."

4.1998:Amazon expands its product offerings beyond books to include music, movies, and video games.

5. 1999:Amazon launches "Amazon.com Auctions" to compete with eBay, as well as "Amazon Marketplace" to allow third-party sellers to sell goods alongside Amazon's own products.

6. 2002: Amazon introduces Amazon Web Services (AWS), offering cloud computing services to businesses.

7. 2005: Amazon Prime is launched, offering unlimited two-day shipping for an annual fee. This later expands to include additional benefits such as streaming video and music.

8. 2007:Amazon releases the Kindle e-reader, revolutionising the e-book market.

9. 2009: Amazon acquires Zappos, an online shoe and clothing retailer, for $1.2 billion.

10. 2011: Amazon launches the Amazon App store, competing with Google Play and Apple's App Store.

11. 2014: Amazon acquires Twitch, a popular live streaming platform for gamers, for nearly $1 billion.

12. 2015: Amazon surpasses Walmart as the most valuable retailer in the United States by market capitalisation.

13. 2017:Amazon acquires Whole Foods Market, a chain of grocery stores, for $13.7 billion.

14. 2018: Amazon surpasses $1 trillion in market value, becoming the second publicly traded U.S. company to reach this milestone after Apple.

15. 2019: Jeff Bezos announces plans to step down as CEO, with Andy Jassy named as his successor.

16. 2021:Jeff Bezos steps down as CEO and becomes Executive Chairman of Amazon's board. Andy Jassy officially takes over as CEO.

This timeline highlights some of the major milestones in Amazon's history, but the company's evolution and expansion into various industries have been continuous and dynamic.

In This Time The Amazon Is The Largest Ecommerce Website In The Would.