Amazon, founded in 1994, became one of the world’s most valuable companies through e-commerce and cloud computing.
Jeff Bezos founded Amazon as an online bookstore in Bellevue, Washington, in July 1994. The company expanded into many product categories and built a large marketplace connecting customers with third-party sellers.
Amazon Web Services, launched in 2006, became another major source of growth. AWS provides computing power, storage, databases, and other services over the internet, supporting businesses, governments, and software developers worldwide.
Amazon’s market capitalization therefore reflects several businesses rather than online retail alone. The company also operates logistics, advertising, digital entertainment, devices, and subscription services such as Prime.