Amazon operates the Amazon online marketplace and was founded by Jeff Bezos in 1994.
Bezos established the company in Bellevue, Washington, in July 1994, and it originally focused on selling books online. Amazon opened its website to customers in July 1995. The business later expanded into electronics, household goods, digital media, logistics, advertising, and cloud computing.
Amazon’s market capitalization reflects much more than its retail marketplace. Amazon Web Services became a major cloud-computing provider, while advertising and subscription products such as Prime added important revenue streams. This diversification helped Amazon become one of the world’s most valuable listed companies.
A common mix-up is treating Amazon Marketplace as the whole company. Marketplace is the platform where third-party sellers offer goods; Amazon also sells products directly and operates logistics, entertainment, devices, and cloud services.