Amazon (company)

Amazon.com, Inc., doing business as Amazon, is an American multinational technology company, engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. It is considered one of the Big Five American technology companies; the other four are Alphabet, Apple, Meta, and Microsoft.
amazon-company

Some of the key events about Amazon (company)

  • 1995
    Launched as an online bookstore, revolutionizing e-commerce
  • 1999
    Introduced "1-Click" ordering, streamlining the online shopping process
  • 1999
    Patented the "1-Click" ordering system, criticized for stifling e-commerce innovation
  • 2000
    Implemented dynamic pricing, leading to accusations of price discrimination
  • 2002
    Launched Amazon Web Services (AWS), providing cloud computing services
  • 2005
    Introduced Amazon Prime, offering free two-day shipping for members
  • 2007
    Released the first Kindle e-reader, transforming digital book consumption
  • 2008
    Removed sales rankings for LGBTQ+ books, sparking controversy over censorship
  • 2009
    Acquired Zappos for $1.2 billion, expanding into online shoe and clothing retail
  • 2011
    Poor working conditions in warehouses exposed, including extreme heat and productivity pressures
  • 2014
    Introduced Amazon Echo with Alexa, pioneering voice-activated smart home technology
  • 2014
    Engaged in a dispute with publisher Hachette, delaying book shipments and removing pre-order buttons
  • 2015
    New York Times exposé revealed harsh corporate culture and management practices
  • 2017
    Acquired Whole Foods Market for $13.7 billion, entering the grocery industry
  • 2017
    Announced search for second headquarters, criticized for creating a "bidding war" among cities
  • 2018
    Became the second U.S. company to reach a $1 trillion market capitalization
  • 2018
    Faced scrutiny for low wages and reliance on government subsidies for employee benefits
  • 2019
    Canceled plans for New York City headquarters after local opposition to tax incentives
  • 2020
    Pledged to be net-zero carbon across its business by 2040
  • 2020
    Fired employees who spoke out about warehouse safety concerns during the COVID-19 pandemic

Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.

Amazon (company) Latest news

Trump picks new FTC boss: What's next for big tech and online speech?

Trump picks new FTC boss: What's next for big tech and online speech?

Trump names **Andrew Ferguson** as future FTC leader‚ bringing fresh view on tech oversight and online speech issues. His appointment could re-shape how government handles big-tech cases and conservative voices online

Business, Politics • December 11 2024 , 01:59 AM  •  2850 views
Trump plans to flip Justice Department's role in diversity policies next month

Trump plans to flip Justice Department's role in diversity policies next month

The next administration wants to use civil-rights laws against diversity programs in companies and schools. Justice Department might start investigating racial equity policies at institutions getting federal money

Business, Politics • December 10 2024 , 02:48 PM  •  809 views
Strange message from Manhattan crime scene turns into viral merchandise trend

Strange message from Manhattan crime scene turns into viral merchandise trend

After shooting of healthcare executive in Manhattan strange three-word message from crime scene started appearing on various items for sale. Message found on bullet casings became unexpected merchandise trend

Society, Business • December 10 2024 , 12:23 AM  •  920 views
Indian e-commerce giants face mega-probe as Samsung and others try to block investigation

Indian e-commerce giants face mega-probe as Samsung and others try to block investigation

Indiaʼs competition watchdog wants Supreme Court to handle 23 legal challenges against its e-commerce investigation. Big tech firms and phone makers try to stop probe into their market practices

Business, Economics • December 9 2024 , 11:47 AM  •  1105 views
UK delays big tech cloud probe as Microsoft faces billion-pound lawsuit

UK delays big tech cloud probe as Microsoft faces billion-pound lawsuit

British watchdog pushes back cloud market investigation results to early-2025‚ while keeping final deadline intact. **Microsoft** faces new legal troubles over its cloud-service policies in UK and US

Business, Economics • December 6 2024 , 09:07 AM  •  647 views
New FCC boss plans big tech shake-up and faster space permits

New FCC boss plans big tech shake-up and faster space permits

The soon-to-be FCC chairman wants to change how social-media companies handle content moderation and speed-up space industry paperwork. His plans include working with tech giants and space companies

Business, Politics, Science • November 22 2024 , 06:55 PM  •  1941 views
Major companies challenge labor board's authority in unprecedented legal battle

Major companies challenge labor board's authority in unprecedented legal battle

Two giant corporations lead dozens of legal cases against federal labor agencyʼs structure. The move could reshape how worker rights are protected in Americaʼs biggest workplaces

Business, Politics • November 21 2024 , 01:34 PM  •  2003 views
Trump's new energy pick triggers fresh debate about America's power future

Trump's new energy pick triggers fresh debate about America's power future

Former president picks Liberty Energy CEO for energy secretary role‚ but experts point to bigger power-grid issues. Growing AI needs and aging infrastructure create new challenges for US energy system

Business, Politics • November 20 2024 , 02:18 PM  •  1797 views
Trump's new energy pick opens door to biggest power grid shake-up in decades

Trump's new energy pick opens door to biggest power grid shake-up in decades

After picking Liberty Energyʼs boss as energy secretary Trump faces unique power-grid problems. Rising costs and tech-driven demand create pressure to rebuild Americas aging electrical system

Business, Politics, Science • November 20 2024 , 02:05 PM  •  1844 views
UK retail giants warn government: Multi-billion cost surge threatens shops future

UK retail giants warn government: Multi-billion cost surge threatens shops future

Top UK retail leaders join forces to challenge recent budget decisions that will add £7bn yearly costs starting next spring. Major chains including Tesco and M&S seek urgent talks with finance minister

Business, Economics, Politics • November 19 2024 , 09:05 AM  •  1078 views
Major retailers join forces to transform ocean shipping with clean fuels

Major retailers join forces to transform ocean shipping with clean fuels

Group of 40 companies plans to revolutionize maritime transport by using e-fuels starting in few years. Alliance aims to cut emissions while creating new market for sustainable ocean shipping

Business, Economics • November 13 2024 , 11:20 AM  •  10195 views
Exclusive
Trump's win makes dystopian novels climb Amazon charts once again

Trump's win makes dystopian novels climb Amazon charts once again

Classic books about dark futures are back on top-selling lists after recent election results. The Handmaidʼs Tale and other well-known dystopian stories show renewed interest from readers

Politics, Culture • November 7 2024 , 09:43 PM  •  40658 views
Indian authorities search e-commerce sellers in major multi-city operation

Indian authorities search e-commerce sellers in major multi-city operation

Indiaʼs financial crime unit searches 19 locations connected to online marketplace sellers. Investigation targets foreign investment rule-breaking at **Amazon** and **Flipkart** operations

Business, Economics, Politics • November 7 2024 , 03:19 PM  •  1212 views
Tech giants and AI raise red flags ahead of crucial US vote

Tech giants and AI raise red flags ahead of crucial US vote

High-tech tools pose fresh risks to Americas voting process‚ while big companies gain unprecedented control over digital life. Experts warn about AI-driven tricks in upcoming presidential race

Society, Business, Politics • November 4 2024 , 06:50 PM  •  643 views
Quarter million readers leave Washington Post after owner stops Harris backing

Quarter million readers leave Washington Post after owner stops Harris backing

Mass exodus hits Washington Post as readers protest Jeff Bezosʼs block of Kamala Harris endorsement. Situation highlights growing concerns about billionaire-owned media outlets and their political ties

Business, Politics • October 31 2024 , 02:06 AM  •  2128 views
Seven tech giants control Wall Street: Is this making market unstable?

Seven tech giants control Wall Street: Is this making market unstable?

Seven major tech companies now make up almost third of S&P 500 value. Named after classic Western movie these tech-sector leaders show remarkable growth but raise questions about market stability

Business, Economics • October 30 2024 , 07:48 PM  •  6935 views
UK stores to get tax break while online giants face higher rates

UK stores to get tax break while online giants face higher rates

British high-street shops will pay less tax starting 2026‚ while big online retailers warehouses get rate increase. New policy aims to help local stores compete with e-commerce companies

Business, Economics, Politics • October 30 2024 , 05:34 PM  •  984 views
Washington Post loses thousands of readers after major election policy shift

Washington Post loses thousands of readers after major election policy shift

Washington Posts decision to stop presidential endorsements led to massive subscriber exodus last year. **Jeff Bezos** defended the move saying it would help rebuild trust in media

Business, Politics • October 29 2024 , 07:14 AM  •  4736 views