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Amazon is a Seattle-based e-commerce company founded by Jeff Bezos.

Founded as Cadabra.com by Jeff Bezos on July 5, 1994 and launched in 1995, Amazon.com began as an online bookstore, but soon expanded into DVDs, music CDs, software, video games, electronics, comics , clothing, furniture, food, toys and more to diversify its activities.

In many countries, Amazon offers the Amazon Prime paid service, which allows you to receive the purchased products in a shorter time, and take advantage of other services. 2017 was the record year for subscriptions and deliveries worldwide: in fact, the quota of 100 million subscribers was exceeded.

It entered the stock market on May 15, 1997, on the Nasdaq under the ticker symbol AMZN with an initial price of $18.00 per share. On April 30, 2020, in the midst of the COVID-19 crisis, it reached a record price of $2,474.

Amazon also owns Alexa, A9.com, the Internet Movie Database (IMDb), Twitch, ComiXology and Goodreads.

On February 2, 2021 Jeff Bezos announced that a change at Amazon's top management would take place during the third quarter of 2021, since he would leave the post of CEO to Andy Jassy, former CEO of Amazon Web Services since 2016, to become executive chairman of the company. This transfer of office officially took place on July 5, when the change in the role of CEO of Amazon was communicated; on the same day Jassy left his role as CEO of Amazon Web Services, giving his place to Adam Selipsky, who had already been working alongside him since May 17 of the same year.

In February 2023, it entered the market for basic PC hardware components. In the same year, after the flop of the Amazon Photos cloud service, several Amazon Go stores began to close in the United States, a food chain that involves detecting purchases using scanners and cameras with direct debit to the Amazon account, without use of credit cards and automatic cash machines.

 

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