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Amazon

An American multinational technology company

Summary

Amazon is an international e-commerce website for consumers, sellers, and content creators.

History

Operating in North American and International markets, Amazon provides its services through websites such as amazon.com and amazon.ca. It also enables authors, musicians, filmmakers, app developers, and others to publish and sell content via its branded websites. Amazon was founded by Jeff Bezos in Bellevue, Washington, on July 5, 1994. The company started as an online marketplace for books but expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewelry. In 2015, Amazon surpassed Walmart as the most valuable retailer in the United States by 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, Bezos announced that its two-day delivery service, Amazon Prime, had surpassed 100 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 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 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. The company has been criticized for various practices including technological surveillance overreach, a hyper-competitive and demanding work culture, tax avoidance, and for being anti-competitive.

 

Mission

The mission of Amazon is to be Earth’s most customer-centric company. This is what unites Amazonians across teams and geographies as they are all striving to delight our customers and make their lives easier, one innovative product, service, and idea at a time. This goal continues today, but Amazon’s customers are worldwide now, and have grown to include millions of Consumers, Sellers, Content Creators, and Developers & Enterprises. Each of these groups has different needs, and Amazon always works to meet those needs, innovating new solutions to make things easier, faster, better, and more cost-effective. “Our passion for pioneering will drive us to explore narrow passages, and, unavoidably, many will turn out to be blind alleys. But – with a bit of good fortune – there will also be a few that open up into broad avenues”. –
Jeff Bezos

References

https://www.crunchbase.com/organization/amazon

http://panmore.com/amazon-com-inc-vision-statement-mission-statement-analysis

https://www.linkedin.com/company/amazon/

https://www.amazon.jobs/en/working/working-amazon

https://www.comparably.com/companies/amazon/mission

https://en.wikipedia.org/wiki/Amazon_(company)