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Amazon
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What is Amazon?
Website: www.amazon.com
Founder: Jeff Bezos
Founded: 1994
Wikipedia: wikipedia.org/wiki/Amazon_(company)
NASDAQ: AMZN
Amazon is one of the most famous companies with its subsidiaries around the world. Along with Google, Apple, and Microsoft, it is considered as one of the biggest technology companies. Amazon started its journey as an e-commerce website, with its subsidiaries, it offers many other services and products to its customers. Amazon also made his founder one of the richest people alive.
Amazon was founded by Jeff Bezos in 1994. He has chosen the name Amazon because it was exotic and different. For the first few years, the company only sold books online. In 1997, Amazon went public and the following year it started selling video games, consumer electronics, software, and toys. It became one of the most popular e-commerce websites in a short time.
In 2002, Amazon launched its one of the most profitable services, Amazon Web Services, or AWS for short. In the following years, the company grew its cloud solutions portfolio and became the biggest cloud service provider. After gaining popularity, the company debuts Amazon Prime in 2005 for its over 100 million members worldwide. The company also tried producing mobile devices, introduced Kindle, an electronic reading device that allows users to download ebooks wireless in 2007 and its first and last smartphone, Fire phone in 2014.
During its journey, Amazon made some acquisitions also. The company acquired Audible, spoken audio entertainment seller and producer for $300 million in 2008. Amazon also bought the social cataloging website, Goodreads, that had over 650,000 members and over 10 million books in 2013. Amazon’s one of the most important acquisitions was a live streaming platform, Twitch. Twitch was a spin-off of the streaming service Justin.tv and it was acquired by Amazon in 2014 for $970 million. In the following years, Bezos’ company acquired the supermarket chain, Whole Foods Market. In 2017, the merger between Amazon and Whole Foods Market was approved.
Recent Amazon News
Andy Jassy becomes Amazon’s new CEO on 5 July
Amazon founder Jeff Bezos announced that he would officially step down from his role as chief executive on July 5, ...
Parler dropped one lawsuit but filed another against AWS
The conservative social network Parler has sued Amazon, accusing it of breaking anti-trust laws by removing it. The social media ...
Jeff Bezos to resign as CEO of Amazon
Jeff Bezos, founder and chief executive officer of Amazon, announced that he will transition to the role of executive chair ...
Parler.com domain moves to Epik
Parler is a social media platform which is used more frequently by conservative politicians especially after Donald Trump's ban from ...
Parler filed a lawsuit against Amazon
After Apple and Google, Amazon also banned "free speech" social network Parler from its web hosting service for violating rules ...
Google and Amazon fined 155 million Euro by French regulator
A French regulator, the CNIL’s restricted committee, which is responsible for imposing sanctions, fined the company Amazon Europe Core and ...
Amazon builds 1.75 million square foot data center
AWS bought the 25020 Willard Road land for $73 million late last year. Now, Blue Ridge Group LLC is seeking ...
Tech giants canceling MWC events due to coronavirus threat
Facebook, AT&T, Sprint, and Intel are now also canceled their events at Mobile World Congress due to coronavirus outbreak. World ...
Amazon to invest $1.6 billion in Indian data centers
Cloud giant Amazon is working on two data centers that will be located in India's Telangana region, at a cost ...
New head of sales for cloud division at Amazon
Matt Garman, a longtime Amazon Web Services engineering executive, has named as the new sales chief for its cloud unit ...
Amazon bought a new data center land in Northern Virginia
Amazon has bought a 4,360,000 sq ft (405,000 sq m) location in the Virginian town of Chantilly along Willard Road ...
Amazon to appeal over cloud contract between Pentagon and Microsoft
Amazon has filed an intention to appeal against the US Department of Defense's decision to give a $10 billion contract ...
7 reasons to choose a cloud service
Choosing the ideal cloud services is very important for many businesses. But it can be confusing to select the service ...
Amazon gets tax breaks for its 7th data center in Oregon
Local public radio KUOW reported that cloud giant Amazon is getting ready to start construction for its seventh data center ...
Jeff Bezos is no longer the richest person
Jeff Bezos, founder and CEO of Amazon lost his title to Microsoft's co-founder Bill Gates. After Amazon's 7% share fell, ...
