Amazon's Journey From A Small Rented Garage To A Global Giant

By: FPJ Web Desk | July 04, 2023

Amazon.com was founded by Jeff Bezoz in July 5,1995 from his rented house garage at Bellevue, Washington.

PTI

Amazon was started as an online bookstore but gradually it started including product and other services into its business model. Now, the company has grown to be the most valuable and influential brand globally.

Pexels

The year 1997 saw Amazon add movie videos and music CDs to its website and also delivered its first public offering of stock. From June 19, 2000, Amazon had its logotype feature a curved arrow that leads from A-Z.

File Photo

In 2007, Amazon launched a remarkable Kindle e-book series reader. Between 2005 and 2011, Amazon Company advanced to the cloud-computing scene, involving Amazon AWS.

Pexels

June 2017, Amazon secured whole foods valued at $13.7 billion, a high-class supermarket chain with more than 400 stores.

Pexels

On January 22, 2018, the company came up with Amazon Go, a store that incorporates sensors and cameras to detect items taken from the shelf by the customer.

Pexels

May 2021, Amazon acquired MGM at an estimated value of $9 billion.

Pexels

Currently, the company focuses on cloud computing, artificial intelligence, e-commerce, digital streaming, Zoox, and autonomous vehicles. Other subsidiaries include the Whole Foods market, Amazon lab 126, Ring, IMDb, Twitch, and many more.