Incorporated in 1994 by Jeff Bezos, Amazon is a conglomerate engaged in a wide variety of businesses. In its early years, the company was known for selling music and videos. In 1999, it ventured into the business of selling books as well as video games, consumer electronics as well as home improvement items. In recent years, the company has established itself as an e-commerce heavyweight.
Headquartered in Seattle Washington, Amazon has expanded its footprint into other businesses, key among them being cloud computing, digital streaming as well as the development of artificial intelligence innovations.
Amazon has grown to become one of the most valuable companies in the world, thanks to mergers and acquisition in diversified fields of operations. Its notable acquisition is Whole Foods that it acquired for $13.4 billion, consequently expanding its footprint into the sale of groceries. It is currently ranked as the largest internet company by revenue and the second-largest private employer.
Amazon is currently listed on the NASDAQ stock exchange.