History of Amazon
Amazon was founded in 1994 by Jeff Bezos in Bellevue, Washington.
Initially, the company focused on selling books online, but it quickly expanded to other product categories.
- 1997: Amazon went public and raised $54 million in its initial public offering (IPO).
- 2002: Amazon launched Fulfillment by Amazon (FBA), which enables third-party sellers to store and ship products from Amazon's warehouses.
- 2006: Amazon acquired Zappos, a leading online shoe retailer.
- 2011: Amazon launched the Kindle Fire, a tablet computer that competes with Apple's iPad.
Key Statistics
As of 2022, Amazon's market capitalization is over $1 trillion.
The company has over 300 million active customers worldwide.
- Amazon generates over 10% of the US retail market share.
- The company has a network of over 750,000 third-party sellers.