Amazon, founded by Jeff Bezos in 1994, became a major cloud-computing and e-commerce giant.
Bezos incorporated Amazon in 1994, and the company began as an online bookstore before expanding into many categories. It adopted the Amazon name in 1994 and launched its website in 1995. Over time, the business added marketplaces, logistics, digital media, devices, subscriptions, and advertising.
Amazon Web Services, or AWS, became one of the company’s most important businesses. AWS provides computing, storage, databases, and other cloud services to companies, governments, and developers around the world. Its profitability helped investors value Amazon as more than a traditional retailer.
Amazon is frequently compared with Alibaba because both operate enormous online marketplaces, but they are separate companies. Amazon’s market capitalization has also fluctuated substantially as investors reassess retail margins, cloud growth, interest rates, and economic conditions.