Apple plans to launch its credit card

Amazon revolutionized the world of shopping and electronic stores

Digital streaming, cloud computing, e-commerce, and artificial intelligence are major areas of interest for Amazon, a US-based multinational technology company.

In 1994, company CEO Jeff Bezos launched Amazon, which was initially an online marketplace for books before diversifying into other product categories and growing into one of the largest online retailers in the world.

In 2015, Amazon overtook Walmart as the most valuable retailer in the United States by market capitalization, and in the third quarter of 2016, it was the fourth-largest public company.

On March 28, 2017, Souq.com announced through its CEO, Ronaldo Mouchawar, the completion of the sale of Souq.com to Amazon without announcing the value of the deal.

Amazon owns companies that have been merged, acquired, or incorporated

Today, Amazon sells a wide variety of goods, such as apparel, electronics, home goods, and more. Amazon Prime, Amazon Web Services (AWS), and Amazon Studios are just a few of the many companies and services they run.

The subscription service called Amazon Prime offers benefits including free two-day shipping, streaming of movies and TV shows, and access to special shows.

While Amazon Studios focuses on creating and delivering original content, AWS delivers cloud infrastructure and services to individuals, businesses, and governments.

Amazon has expanded into several areas in addition to retail. To increase market share in the food segment, it bought Whole Foods Market in 2017.

In addition, the company produces its gadgets, such as Amazon's Kindle e-reader, Fire tablets, Fire TV streaming devices, and Echo smart speakers with Alexa as their voice assistant.

The revenues that made it a force in the field of electronic commerce

In fiscal 2017, Amazon reported profits of $3.03 billion, with annual revenue of $177.866 billion, an increase of 30.8% over the previous fiscal cycle. Amazon shares were trading at over $968 per share, and their market value was estimated at over $869.2 billion in September 2018.

With operations in many countries and fulfillment locations around the world, Amazon has a huge global footprint.

Thanks to this, it is considered one of the most valuable companies in the world, and Jeff Bezos is considered one of the richest people thanks to its success and excellence in the e-commerce sector.

Since its founding, it has been subject to several criticisms and controversies

However, Amazon has also been criticized. There have been complaints about its labor policies, how it treats employees, and how it affects small merchants.

Aside from privacy issues related to its data collection activities, the company has also been accused of anti-competitive behavior.

Bringing technology into service

Amazon has proposed a plan to build huge warehouses "in the sky" that will contain a fleet of drones to transport goods to various predetermined places.

   They will fly over locations where the business expects to be in high demand for certain products with huge balloon shops on board.

And as part of an experiment in Cambridge, Amazon has already made its first drone delivery of products.

Overall, Amazon has changed how people use technology and do business. As it continues to innovate and diversify into new markets, it influences the direction of both business and technology.