Amazon was founded by Jeff Bezos in 1994 as an online bookseller before becoming a global technology giant.
Bezos incorporated the company in Washington state in July 1994, and Amazon began selling books online in 1995. The business expanded into many product categories, marketplace services, logistics, digital media, consumer devices, and cloud computing through Amazon Web Services.
Amazon became one of the world’s most valuable public companies as investors valued its long-term growth and diversified operations. Its market capitalization is not the same as its sales or total retail volume; it reflects the market price of all outstanding shares.
The company was originally called Cadabra, but Bezos changed the name after deciding that Amazon sounded broader and more distinctive. The name also referred to the Amazon River’s scale.