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Amazon

All about Amazon
It sells more than 500 million products
Amazon not just an e-commerce company, its everywhere.

1994 
  • Founded by Jeff Bezos

1995 
  • Sold first book out of his garage.

1998
  • Entered into entertainment business.
  • Purchased 'IMDB.com'- a movie database.
  • Now the company creates original content, including Oscar winning films under  ‘Amazon Studios’.
  • By 2020, Amazon expected to spend $8 Billion on original content.

2005
  • Launched Amazon Prime, offering free 2-day shipping for a yearly fee.
  • By 2017, 5 Billion prime packages shipped globally.

2006 
  • Launched Amazon Web Services (AWS).
  • It is the top provider of cloud computing.
  • Today, Netflix is powered by Amazon.
  • Lyft, Airbnb, Slack are other AWS customers.

2007
  • Released ‘Kindle’ e-book reader.

 2008 

  • Acquired ‘Audible’, an audio-book company.
  • Today, Amazon controls over 80% of the e-book market.
2009 
  • Acquired Zappos, a shoe retailer for $1.2 Billion.
2011 
  • Purchased ‘Diapers.com’ for $45 Million, shut it down 6 years later.
2014 
  • Purchased ‘Twitch’, a gaming company.
  • Purchased ‘ComiXology’, a digital comic book site.
2017 
  • Bought ‘Whole Foods’ for $13.7 Billion to enter into Food industry.
  • You can buy ‘Kindle’, ‘Echo’, and ‘Fire TV’ in Whole Foods store.
  • Opened its first autonomous grocery store in Seattle, called ‘Amazon Go’.

-       Today, the company makes its own products including, Cables, Food, Batteries, Suits.

Top electronics sold on the site are made by Amazon.

More 'Echo's have sold than any other Home Voice Assistant.

Users can buy products and play music by asking ‘Alexa’.

Amazon also expanded into Brick-and-Mortar book stores.

Company investing in its own ships and planes.
  • -    Building a $1.5 Billion air-freight hub in Kentucky.
  • -    Rents out warehouses space to other sellers.
  • -    Own the ‘Kiva’ robotic workers in its warehouses.
  • -    After purchasing ‘Kiva’, Amazon stopped selling them to competitors                   Walgreens, Staples, and The Gap.

Eyeing in Healthcare, selling commercial dental equipment.

Planning to have a 2nd Headquarters spending $5 Billion in 2019.

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