Amazon operates one of the world’s largest online marketplaces and was founded by Jeff Bezos in 1994.
Bezos incorporated the company in Washington on July 5, 1994, originally under the name Cadabra. It began as an online bookstore before expanding into many product categories, logistics, digital content, devices, and cloud computing.
Amazon Web Services became a particularly important business because it supplies computing, storage, and other infrastructure to organizations worldwide. Amazon’s market capitalization reflects expectations about this combination of retail scale, cloud profitability, advertising, and future growth rather than simply the value of goods sold through its website.