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History:
Amazon was founded on July 5, 1994, by Jeff Bezos as an online bookstore. Over the years, it
expanded its product offerings to become the world's largest online retailer.
Business Segments:
1. E-commerce: Amazon's online retail platform offers a wide range of products, including
books, electronics, clothing, and more.
2. Amazon Web Services (AWS): AWS provides cloud computing services, including storage,
computing power, and database management.
3. Amazon Prime: Amazon's subscription service offers free two-day shipping, streaming of
music and video content, and other benefits.
4. Artificial Intelligence (AI): Amazon develops and applies AI technologies, including Alexa, its
virtual assistant.
Innovations:
Acquisitions:
1. Whole Foods Market: Amazon acquired the upscale grocery chain in 2017.
2. Zappos: Amazon acquired the online shoe retailer in 2009.
3. Twitch: Amazon acquired the live streaming platform in 2014.
Fun Facts: