Amazon was founded in 1994 as an online bookstore before becoming a global technology giant.
Jeff Bezos incorporated the company in Washington in July 1994, and Amazon began selling books online in 1995. The business expanded into music, electronics, household products, logistics, digital media, and devices.
Amazon Web Services became another major growth engine. Launched publicly in 2006, AWS provides cloud-computing infrastructure and services to businesses, governments, developers, and organizations around the world.
Amazon’s market capitalization reflects expectations about several businesses rather than only online retail. The company is therefore often grouped with the world’s richest technology companies even though it remains one of the largest retailers by revenue. Its original name was Cadabra before Bezos chose Amazon.