Amazon was founded in 1994 by Jeff Bezos and became a mega-cap leader through online retail and cloud computing.
Bezos established Amazon in 1994, and the business began as an online bookstore in 1995. It expanded into many product categories, digital media, devices, advertising, logistics, and business technology. Amazon Web Services, launched in 2006, became a particularly important part of the company’s infrastructure and earnings story.
Amazon went public in 1997 on the Nasdaq. Its market capitalization rose as investors valued both its retail scale and its recurring cloud-computing business. Amazon is sometimes confused with Alibaba because both operate major online marketplaces, but their corporate structures, primary markets, and regional strengths are different.