What Is Amazon?

What is Amazon exactly?
What is Amazon in simple words?

Amazon

Amazon is a massive or I can say world biggest online retailer that has a market capitalization was 1.557 trillion US dollars as of February 2021(sources statista) making the company the most valuable internet company by market capitalization in the world. And second-ranked off course Alphabet with a market capital of nearly 1.4 trillion U.S. dollars as of June 2020.

Amazon

Amazon is an online retailer, also Amazon allows individuals people and businesses to sell their products online with Amazon and make a business online with Amazon by selling products on the internet. It is the largest online retailer business in the world by revenue share and in 2019 alone this company earn more $300 billion dollars.

Amazon is one of the most popular online marketplace in the world and amazon as a platform used by millions of people from all over the world by both individual as well as businesses. And this site is available in many different countries with different of languages but support almost all world's major languages. And if you heard about Amazon Kindle then let me tell you one more interesting thing about Amazon Kindle is that its the most popular products on Amazon. Amazon also offer various software and hardware solutions for businesses.

When amazon started?

Amazon was started in 1994 in Seattle Washington on a garage by Jeff Bezos, on those starting days Jeff bezos used to sell book and amazon initially was a book store. From those humble beginnings now Amazon is the largest online ecommerce retailer in the world by market capitalization. And one of the most powerful internet company in the world, they sell everything today.

Today Amazon itself is a name that almost everyone knows about, today Amazon expanded its offerings of goods to services to software services. Amazon also intered into video streaming market with their Amazon prime [ related article] videos, and the cloud computing marketplace, and most recently Amazon has entered into banking system, well now Amazon is everywhere.

Amazon surpassed Walmart back in 2015, by the way Walmart was the largest retailers in the world but now not. Now Amazon alone is the most valuable internet retailer in the world. After Alphabet, Apple and Microsoft, Amazon is also the fourth most valuable company in the world. It has often taken a low profit margin approach and maybe it's Amazon's best tactics to beat all the compitition. Amazon offer very low price when they launch new products. And this strategy of low pricing of products compare to its competitors has worked amazingly for Amazon.

Amazon has their website for over a dozen different countries and supported by regional languages and ships products almost every country in the world and with Amazon prime they deliver their customers products within 24 hours. It also hosts the some popular retail websites like Sears Canada, Marks & Spencer, Lacoste and others to capture more market. It also owns over 40 subsidiary brands such as Zappos, Diapers.com, Goodreads, IMDb, and many more and those are very popular for specific reason.