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Amazon.com, Inc., doing business as Amazon (/ ˈ æ m ə z ɒ n /, AM-ə-zon; UK also / ˈ æ m ə z ə n /, AM-ə-zən), is an American multinational technology company, engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.
High-volume websites, such as Yahoo!, Amazon.com and eBay offer hosting services for online stores to all size retailers. These stores are presented within an integrated navigation framework, sometimes known as virtual shopping malls or online marketplaces .
Amazon is the Internet company with the highest revenue, at $469.82 billion in 2021. This is a list of Internet companies by revenue and market capitalization. The list is limited to dot-com companies, defined as a company that does the majority of its business on the Internet, with annual revenues exceeding US$1 billion.
Amazon was founded by Jeff Bezos from his garage in Bellevue, Washington, on July 5, 1994. Initially an online marketplace for books, it has expanded into a multitude of product categories: a strategy that has earned it the moniker "the everything store".
It's eyeing an IPO and a whopping $90 billion valuation. While the size of its retail empire still pales in comparison to Amazon’s stranglehold on 38% of the U.S. e-commerce market, Tadelis...
The bottom line is savvy shoppers should look beyond Amazon to find deals. Take advantage of loyalty programs, exclusive sales and other perks offered by these underrated retailers.