Amazon is a global e-commerce company founded in July 1994 by Jeff Bezos, its current chairman and CEO. The American company specializes in the sale of electronic and computer products. Headquartered in SEATTLE, it is today counted among the most quoted companies. What explains the fame of this company? Find out in the rest of this article.
The services the company offers
The company's offerings, products and services are constantly expanding. In fact, there are over 250 million products listed on Amazon's websites. To know more about how to buy amazon stock, you can head to amazon stock. In addition, it founded Amazon Prime, Amazon Launchpad, Amazon Second Chance and Amazon Business.
In 2003, this company established Amazon MarketPlace, a platform that allows professionals and individuals to sell their own products. It also launched Kindle, an e-reading device that allows users to download e-books and magazines. In 2007, Amazon Music Unlimited, an online music distribution platform, was launched.
The company also offers video streaming services through Amazon Instant Video. In 2013, it launched Prime Air, a drone delivery system. Recently, it entered the banking industry. It also started producing content in partnership with Netflix. The company remains one of the best long-term stock investments.
A fast-growing company
Today, Amazon is the largest Internet retailer in the world. With more than one million employees, the company remains the world's largest employer in its field. Its market capitalization has grown from $438 million to more than $1.5 trillion from 1997 to July 2020.
At the end of the same year, its quarterly revenue was $125.6 billion, a 44 percent year-over-year increase (up from $87.4 billion in Q4 2019). This brings its full-year 2020 revenue to $386.1 billion.
Amazon has become a global-scale company today. With its products and services, it defies the competition and keeps growing.