Bezos decided to change the company name after a lawyer mistook the name Cadabra for “cadaver.” Shaw & Co., a Wall Street investment firm, in 1994 and moved to Seattle to build the business plan for what would initially be named Cadabra, but would become Amazon in 1995. ![]() Bezos left his position as vice-president of D.E. It was developed as a result of what Bezos called his “regret minimization framework,” which was a description of his efforts to avoid regrets regarding late participation in the internet business boom that occurred in the mid-1990s. Amazon has made multiple acquisitions over the years, including Ring security, Twitch, Whole Foods Market, and IMDb.Īmazon was initially founded in 1994 by Jeff Bezos as Cadabra, Inc. The company has developed and produced various electronic devices, including Kindle e-readers, Fire tablets, Fire TV, and Echo devices. Additionally, Amazon has its own publishing company, Amazon Publishing a film and television studio, Amazon Studios and a cloud computing subsidiary, Amazon Web Services. Additionally, Amazon was the largest internet company in the world, when measured by revenue, and was the second-largest private employer in the United States as of 2020.Īmazon distributes products like downloads and streaming of video, music, and audiobooks through its Prime Video, Amazon Music, Twitch, and Audible subsidiaries. As of 2020, Amazon was the world's largest online marketplace, AI assistant provider, live-streaming platform, and cloud computing platform when measured by recurring revenue and market capitalization. Amazon was referred to as the "most valuable brand" in the world by PR Newswire in 2019.Īmazon is best known for its disruption of well-established industry giants through technological innovation at mass scale. ![]() Amazon is considered one of the Big Five information technology companies in the United States alongside Microsoft, Apple, Google, and Facebook. The company focuses on various services, including e-commerce, cloud computing, digital streaming, and artificial intelligence (AI). Amazon is a multinational technology company, founded and headquartered in Seattle, Washington, in 1994.
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