is an American multinational technology company based
in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four technology companies along with Google, Apple, and Facebook.
Amazon India launched operations in June 2013. On the first day of
its operations, Amazon India had received more than 10,000 orders. Amazon is known for its disruption of well-established industries through technological innovation and mass scale. It is the world's largest e- commerce marketplace, AI assistant provider, and 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 employer in the United States and one of the world's most valuable companies. Amazon is the second largest technology company by revenue.
Amazon was founded by Jeff Bezos on July 5, 1994, in Bellevue,
Washington. The company initially started as an online marketplace for books but later expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewellery. In 2015, Amazon surpassed Walmart as the most valuable retailer in the United States by market capitalization.
Amazon future vision is to expand itself in health, AI(Artificial
Intelligence) sector. Amazon's slogan is "work hard. Have fun. Make history." It's meant to signify a company which is aspirational and enjoyable - but where the staff are still pulling their weight.
The key people in Amazon are
Jeffrey Bezos. President, CEO and Chairman Brian Olsavsky. SVP and CFO. Andrew Jassy. CEO, Amazon Web Services. Amazon has overtaken Google and Apple to become the world’s most valuable brand at $315.5 billion.
Number of employees: 647,500 (2018)
The main clients of amazon are people who do online shopping in
ecommerce sector. While for AWS (Amazon web Services): LinkedIn - $13 million.
Facebook - $11 million.
Netflix - $19 million.
Twitch - $15 million.
Now let’s talk about Amazons biggest competitors:
1)In Ecommerce Sector : Walmart(parent company of Flipkat) Ebay Alibaba Group 2)In Cloud Storage Sector: Google(GCS) Microsoft Azure 3) Digital Streaming: Netflix Hotstar
Current News Amazon:
Amazon avoids $1.5bn US tax bill in court ruling: Online shopping behemoth Amazon has avoided a $1.5bn (£1.2bn) tax bill after winning a legal dispute in a US tax court.
Judge Albert Lauber rejected a variety of arguments presented by the
Internal Revenue Service (IRS), bringing to an end a lengthy court battle.