Amazon.com || History and facts || small research About amazon company
Amazon.com, Inc is an American multinational technology company based in Seattle, Washington that specializes in e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Five companies in the US information technology industry, along with Google, Apple, Microsoft and Facebook. The company has been named “one of the most influential economic and cultural forces in the world” as well as the most valuable brand in the world.
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| About Amazon Company |
Amazon company was founded by Jeff Bezos in Bellevue, Washington on July 5, 1994. The company started out as an online book marketplace but has expanded to include electronics, software, video games, clothing, furniture, food, toys, and jewelry. In 2015, Amazon surpassed Walmart as the most expensive U.S. retailer by market capitalization. In 2017, Amazon acquired Whole Foods Market for US $ 13.4 billion, significantly increasing its presence as a retailer. In 2018, Bezos announced that his two-day Amazon Prime delivery service had surpassed 100 million subscribers worldwide.
Amazon is known for disrupting established industries through technological innovation and mass production. It is the world's largest online marketplace, artificial intelligence provider, real-time streaming platform and cloud computing platform as measured by revenue and market cap. Amazon is the largest Internet company in the world in terms of revenue. It is the second largest private employer in the United States and one of the most valuable companies in the world.
Amazon distributes video, music, and audio book downloads and streaming through its subsidiaries Prime Video, Amazon Music, Twitch, and Audible. Amazon also has a publishing division, Amazon Publishing, a film and television studio, Amazon Studios, and a cloud computing subsidiary, Amazon Web Services. It manufactures consumer electronics including Kindle e-readers, Fire tablets, Fire TV and Echo devices. Over the years, she has acquired Ring, Twitch, Whole Foods Market, and IMDb. The company has been criticized for a variety of practices, including excessive technology oversight, hyper-competitiveness and tax evasion on work culture, and anti-competitiveness.
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History about Amazon Company and Background
Jeff Bezos founded Amazon in July 1994. He chose Seattle because of his technical talent, because Microsoft is located there. In May 1997, the organization went public. The company began selling music and video in 1998, and it also started internationally, acquiring online booksellers in the UK and Germany. The following year, the organization also sold video games, consumer electronics, household items, software, games and toys in addition to other merchandise.
In 2002, the corporation launched Amazon Web Services (AWS), which provided data on website popularity, internet traffic patterns, and other statistics for marketers and developers. In 2006, the organization expanded its AWS portfolio with the introduction of the Elastic Compute Cloud (EC2), which leases computing power for computers, and Simple Storage Service (S3), which leases data storage over the Internet. In the same year, the company launched Fulfillment by Amazon, which took inventory of individuals and small businesses selling their property through the company's website. In 2012, Amazon bought Kiva Systems to automate its inventory management business, buying the Whole Foods Market supermarket chain five years later in 2017.
About Amazon Company Board of Directors
- Amazon founder Jeff Bezos in 2016
- As of September 2020, the Board of Directors: ]
- Jeff Bezos, President, CEO and Chairman
- Keith B. Alexander, CEO of IronNet Cyber-security, Former Director of the NSA
- Rosalind Brewer, Group President and COO of Starbucks
- Jamie Gorelik, Partner at Wilmer Cutler, Pickering Hale and Dorr
- Daniel P. Hattenloher, Dean of Schwarzman College of Computing, MIT
- Judy McGrath, former CEO of MTV Networks
- Indra Nooyi, former CEO of PepsiCo
- John Rubinstein, former chairman and CEO of Palm, Inc.
- Thomas O. Ryder, former chairman and CEO of the Reader's Digest Association
- Patty Stonesifer, President and CEO of Martha's Table
- Wendell P. Weeks, Chairman, President and CEO, Corning Inc.
Amazon company Trade partnerships
In 2000, US toys retailer Toys "R" Us signed a 10-year $ 50 million a year deal with Amazon company, plus a cut in sales, under which Toys "R" Us would be the exclusive supplier of toys and children's products. on the service, and the web site will be redirected to the Amazon Toys & Games category. In 2004, Toys "R" Us sued Amazon, alleging that due to an alleged lack of variety in the Toys "R" Us range, Amazon knowingly allowed third-party sellers to offer items under the service in categories that were "R" Us has been granted exclusivity. In 2006, the court ruled in favor of Toys "R" Us, giving it the right to terminate its agreement with Amazon and create its own independent e-commerce website. The company was later awarded $ 51 million in compensation.
In 2001, Amazon entered into a similar agreement with the Borders Group, under which Amazon will operate Borders.com as a joint service. Borders withdrew from the agreement in 2007 and plans to launch its own online store.
On October 18, 2011, Amazon.com announced a partnership with DC Comics for exclusive digital rights to many popular comics, including Superman, Batman, Green Lantern, Sandman, and The Watchmen. As a result of the partnership, well-known bookstores such as Barnes & Noble removed these books from their shelves.
In November 2013, Amazon announced a partnership with the US Postal Service to begin shipping orders on Sundays. The service, included in Amazon's standard shipping rates, was initiated in the metropolitan areas of Los Angeles and New York due to high volume and inability to deliver on time, with plans to expand to Dallas, Houston, New Orleans and Phoenix. 2014
In June 2017, Nike confirmed a "pilot" partnership with Amazon to sell products directly on the platform.
As of October 11, 2017, Amazon Fresh was selling a range of Booths-branded products with home delivery in selected regions.
In September 2017, Amazon entered into an agreement with one of its retailers, JV Appario Retail, owned by the Patni Group, which recorded total revenue of US $ 104.44 million (Rs 759 crore) in fiscal 2017-18.
In November 2018, Amazon reached an agreement with Apple Inc. Selling specific products through the Service, through the Company, and through select Apple Authorized Resellers. As a result of this partnership, only Apple Authorized Resellers can sell Apple products on Amazon starting January 4, 2019.
Amazon company Products & Services
Amazon.com's product lines available on its website include multiple media (books, DVDs, music CDs, videotapes and software), apparel, baby products, consumer electronics, beauty products, gourmet foods, food products, health and personal care, industrial products. and scientific supplies, kitchenware, jewelry, watches, lawn and garden supplies, musical instruments, sporting goods, tools, automotive supplies, toys and games. [citation needed] In August 2019, Amazon applied to open a liquor store in San Francisco, CA as a means of delivering beer and alcohol within the city.
Amazon has separate retail websites for some countries and also offers international shipping for some of its products to some other countries. In November 2020, the company launched an online prescription drug delivery service. The service provides discounts of up to 80% on generic drugs and up to 40% on branded drugs for Prime subscribers. The products can be purchased from the company's website or from over 50,000 regular pharmacies in the United States.
Amazon company Supply chain
Amazon first launched its distribution network in 1997 with two fulfillment centers in Seattle and New Castle, Delaware. About amazon company has several types of distribution centers including cross-dock centers, fulfillment centers, sorting centers, delivery stations, Prime now centers, and Prime air hubs. There are 75 fulfillment centers and 25 sorting centers with over 125,000 employees. Employees are responsible for five main tasks: unpacking and checking incoming goods; placement of goods in a warehouse and accounting for their location; collecting goods from their computer registered locations to constitute a separate shipment; sorting and packing of orders; and delivery.
The computer, which records the location of goods and prepares routes for pickers, plays a key role: employees have laptop computers that communicate with a central computer and control the speed of their movement. Some warehouses are partially automated using systems built by Amazon Robotics.
About amazon company Website
By early 2016, amazon.com was attracting at least 615 million visitors annually, with over 130 million customers visiting the website in the United States each month. The company has invested heavily in huge server capacity for its website, especially to handle the excessive traffic during the Christmas holidays. According to the Alexa ranking, Internet amazon.com is the third most popular website in the United States and the 14th most popular website in the world.
The results obtained by the Amazon search engine are in part dependent on ad fees. Localized storefronts of the company, which differ in assortment and prices, differ by top-level domain and country code:
About amazon company Finance
Amazon.com is primarily a retail site with a sales revenue model; Amazon takes a small percentage of the sale price of every product it sells through its website and also allows companies to advertise their products by paying to be featured as featured products. As of 2018, Amazon.com is ranked 8th in the Fortune 500 largest US corporations in terms of total revenue.
For fiscal 2018, about amazon company reported revenues of $ 10.07 billion with annual revenue of $ 232.887 billion, a 30.9% increase over the previous fiscal cycle. Since 2007, sales have grown from $ 14.835 billion to $ 232.887 billion thanks to continued business expansion.
Amazon's market cap surpassed $ 1 trillion again in early February 2020 following the announcement of Q4 2019 results. The total number of Amazon employees now stands at 798,000.
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