Amazon, founded in 1994, became one of the world’s most valuable firms through online retail and cloud computing.
Jeff Bezos established Amazon in Bellevue, Washington, in July 1994. The business initially operated as an online bookstore before expanding into many product categories and becoming a global marketplace.
Amazon Web Services, launched in 2006, became a second major growth engine. AWS provides computing power, storage, databases, and other services to companies and governments, and it helped establish cloud infrastructure as a major technology industry.
Amazon’s market capitalization reflects expectations about future profits, not simply the value of goods sold. Its businesses also include advertising, streaming, devices, logistics, and subscription services such as Prime.