Amazon is known for its disruption of well-established industries through technological innovation and mass scale.[11][12][13] It is the world's largest online marketplace, AI assistant provider, and cloud computing platform[14] as measured by revenue and market capitalization.[15] Amazon is the largest Internet company by revenue in the world.[16] It is the second-largest private employer in the United States[17] and one of the world's most valuable companies.
Amazon was founded by Jeff Bezos in Bellevue, Washington, in July 1994. The company initially started as an online marketplace for books but later expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewelry. In 2015, Amazon surpassed Walmart as the most valuable retailer in the United States by market capitalization.[18] In 2017, Amazon acquired Whole Foods Market for US$13.4 billion, which vastly increased Amazon's presence as a brick-and-mortar retailer.[19] In 2018, Bezos announced that its two-day delivery service, Amazon Prime, had surpassed 100 million subscribers worldwide.[20][21]
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