Amazon is an American multinational technology company founded by Jeff Bezos from his Garage in Bellevue Washington, on july 5, 1994. It was started as an online marketplace for books but now it is engaged in e-commerce, cloud computing, online advertising, and artificial intelligence.
It is one of the big five american technology companies. Amazon serve its service's worldwide. In 2023, it has revenue of $574.8 billion and worth $1.937 trillion USD.
Why is amazon so successful?
Amazon success comes from the blend of strategic foresight, relentless costumer focus, technological innovation, and the ability to adapt and evolve.
They focus on costumer obsession rather than other obsession. They provide the best costumer service.
Interesting facts about Amazon.
Amazon was originally called Cadabra in the begining.
Around 40-50% of Amazons revenue comes from the third party sellers.
Amazon discontinued its "fire Phone" soon after the production on 2015.
How much jeff Bezos owns in Amazon?
Jeff Bezos owns-927,474,514 shares-8.84% of the company. He stepped down as the CEO of Amazon on July 5, 2021. Now, Andy Jassy is the CEO of Amazon company.
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