By being a member of the Big Four, besides Google, Apple, and Facebook, Amazon.com, Inc. is the company that is highly popular and talked about. It started becoming more and more known by the expansion of the numerous types of goods that were sold through the platform. Therefore, in 1998 it became of the most visited sites.
In case you are interested in learning everything about Amazon, including the development of the company and its net worth, please continue reading the article, since you will be provided with all the details.
History
Located in Seattle, Washington, Amanzon.com, Inc. represents an American technology company. Its primary focus is cloud computing, e-commerce, artificial intelligence, as well as digital streaming.
The founder of Amazon.com is Jeff Bezos. The company was founded on July 5th, 1994. Originally, it was created as an online marketplace primarily concerned with the books. However, the selling of electronics, furniture, food, video games, software, jewelry, and toys started evolving and thus shaping the Amazon the way it looks today.
Amazon Web Services or AWS began in 2002. These services gave insight into the web site’s popularity, statistics for marketers and developers, as well as the Internet traffic patterns.
When it comes to partnerships, Amazon.com, Inc. is known for its partnerships with numerous companies. For example, Toys “R” Us in 2000 signed a 10-year contract, which was worth around 50 million dollars.
In 2011, Amazon started collaborating with DC Comics and therefore gained digital rights to popular comics such as Superman, Green Lantern, Batman, Watchmen, and The Sandman.
In 2013, Amazon announced a partnership with the United States Postal Service. In that way delivering on Sundays was possible.
Amazon was also collaborating with Nike. It started in 2017 when Nike goods were sold directly on the platform.
One of the biggest successes was the contract with Apple, Inc. In 2018, Amazon entered a partnership with Apple in order to sell “selected products through the service”.
Net Worth
The total net worth of the company is estimated to be around 800 billion dollars.
Amazon.com is famous for the disruption of the well-established industries when it comes to technological innovation. Not only is it the largest e-commerce marketplace in the world, but it is also the largest Internet company when it comes to revenue. Furthermore, Amazon is the second-largest employer in the US.
Amazon has numerous subsidiary companies. Since it provides downloading and streaming of music, videos, and audiobooks, Amazon is divided into Amazon Music, Amazon Prime Video, Amazon Publishing, Amazon Studios, and Amazon Web Services.
When it comes to its revenue, it is estimated to be around 232 billion dollars. Net income revolves around 10 billion dollars, while the number of employees is around 600, 000.
Amazon company makes the majority of its income through e-commerce. However, a total of 40 subsidiaries brings a lot of income as well. For example, some of the most prominent subsidiary businesses are Twitch, Shopbop, Zappos, Goodreads, IMDb, and Audible.
The net worth of Amazon will probably grow in the future, given the fact that it is competing with Microsoft for the top spot. Also, thanks to the upcoming projects, it is possible that the net worth will be significantly bigger.
Conclusion
In conclusion, Amazon.com, Inc. is a true example of how an idea can become a real worldwide recognized business. Thanks to the dedication to e-commerce, Amazon has managed to develop into the world’s biggest and most popular e-commerce marketplace. Also by offering a working place to more than 600, 000 people, it enjoys the status of being the second-largest employer in the US.
Which started as an idea in 1994 today represents one of the Big Four. Furthermore, it is important to note down that, even though Amazon is worth billions of dollars, its earnings are highly likely to grow even more in the future. Therefore, not only does this company represent one of the leaders in the industry, but it also serves as an example of how the business can maintain its work quality, and thus develop into an empire.
