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Amazon Group of companies

What is Amazon?

“Amazon.com , inc.” is one of the richest companies in the World. Amazon was founded on July 5, 1994 by Jeff Bezos who’s vision at the time was to revolutionize the World and create a unique type of online business which many people at the time , thought to be impossible. Amazon and all of it’s subsidiaries combined are said to have a net worth of around $1.7 trillion USD. The trillion dollar company is involved in a variety of industries through its subsidiaries and is responsible for the creation of kindle, Twitch and Amazon Web services just to name a few. The Amazon Group of companies are truly successful creations.

Amazon.com

Amazon.com is an online shopping platform where customers can order a variety of goods. The Amazon logo has an arrow pointing from the letter ‘A’ to the letter ‘Z’ which was meant to symbolize that Amazon.com has everything in stock from each letter of the Alphabet. When Jeff was creating Amazon.com his vision was for customers to be able to order and receive whatever they needed from the comfort of their own homes without having to worry about the hustle and bustle of being in a physical store. This vision started in 1994 with Jeff Bezos launching Amazon from his garage, starting out by only selling books at first as he thought that physical book stores would be the first things to change during the internet boom of the nineties. This is the most successful branch of The Amazon group of companies.

Challenges

The Amazon group of companies almost ran into bankruptcy in the year 2000 but due to money which was raised over the previous years .The business then took off and expanded its operations to warehouses and is now the trillion dollar company we know today.

Conclusion

Amazon is a company with many subsidiaries that was formed by Jeff Bezos who had a vision in mind to create a unique type of online business. It was formed on the basis that it would be a company that was solely for the people. Amazon is a multinational company with branches in many major economic regions and countries.

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