Tag Amazon
Name: Amazon.com Inc
Founded: 1994
Founder: Jeff Bezos
Official website: Amazon.com
Amazon is an American multinational technology company based in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four technology companies along with Google, Apple, and Facebook. It is the world’s largest e-commerce marketplace, AI assistant provider, and cloud computing platform.
Amazon was founded by Jeff Bezos on July 5, 1994, in Bellevue, Washington. The company initially started as an online marketplace for books but later expanded to sell electronics, software, video games, apparel, furniture, food, toys, and most other consumer products.
In 2018, Bezos announced that its two-day delivery service, Amazon Prime, had surpassed 100 million subscribers worldwide.
Amazon distributes downloads and streaming of video, music, audiobook through its Amazon Prime Video, Amazon Music, and Audible subsidiaries. Amazon also has a film and television studio, Amazon Studios, and a cloud computing subsidiary, Amazon Web Services which is the largest cloud computing service in the world offering services for big companies such as Netflix and Spotify.
The company also produces consumer electronics including Kindle e-readers, Fire tablets, Fire TV, and Echo smart speakers that are supported by Amazon’s virtual assistant, Alexa. Amazon also has a lot of subsidiaries that include Ring, Twitch.tv, Whole Foods Market, and IMDb.
In 2017, Amazon confirmed it would be acquiring Souq.com for $580 million. Souq.com is now a subsidiary of Amazon, and they have changed their domain to Amazon.ae.
Amazon is the largest Internet company by revenue in the world. and was the second company to reach $1 billion in value after Apple.
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Amazon Prime Now Available On Amazon.ae
After the online retail giant, Amazon, purchased Souq.com, and then re-branded to Amazon.ae, it was only a matter of time until UAE customers started seeing some of the added benefits that US-based customers have been enjoying for many years –…