THE LARGEST ONLINE MARKET IN THE WORLD: AMAZON

Amazon.com is an American multinational technology company based in Seattle, focused on e-commerce, cloud computing, digital transmission, and artificial intelligence. It is considered one of the four major technology companies with Google, Apple, and Facebook.

 

Amazon is known for disrupting established industries through technological innovation and massive scale. It is the largest online market in the world, the artificial intelligence subsidiary and the cloud computing platform, measured by revenue and market capitalization. Amazon is the largest Internet company and second-largest private employer in the United States and also the most valuable company in the world.

 

On July 2, 199 in Bellevue, Washington, Jeff Bezos founded Amazon. The company initially began as an online market for books, but then expanded to sell electronic products, software, video games, clothing, furniture, food, toys, and jewelry. In 2015, Amazon outperformed Walmart as the most valuable retailer in the United States by market capitalization. 2017 In 2017, Amazon acquired Whole Foods Market for the US $ 4 billion, which greatly improved Amazon's presence as a brick and mortar retailer. 2018 In 2018, Bezos announced that its Amazon Prime two-day delivery service exceeded 40 million customers worldwide.

 

Amazon downloads and streams videos, music and audiobooks through Amazon Prime Video, Amazon Music and Audio Assistant. Distributes Amazon's publishing arm, Amazon Publishing, is also a film and television studio, Amazon Studios, and the Cloud Computing subsidiary, Amazon Web Services. It produces consumer electronic products, including Kindle electronic readers, fire tablets, fire TVs and eco-friendly devices. Also, the acquisition of Amazon includes Ring, Twitch, Whole Foods Market and IMDB. Amid various controversies, the company has been criticized for the scope of technological surveillance, a highly competitive and demanding work culture, tax evasion and anti-competitive practices.