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Amazon.com, Inc., is an American electronic commerce and cloud computing company headquartered in Seattle, Washington. Founded by Jeff Bezos on July 5, 1994, as an online bookstore, Amazon went public after an initial public offering on May 15, 1997, during the midst of the dot-com bubble. [1] The funds gained from the IPO allowed Amazon to ...
Amazon was founded on July 5, 1994, by Jeff Bezos in Bellevue, Washington. [6] The company originally started as an online marketplace for books but gradually expanded its offerings to include a wide range of product categories. This diversification led to it being referred to as "The Everything Store". [7]
A subsequent auction for sister chain Buy Buy Baby fell through, and its assets were sold to New Jersey-based Dream on Me on July 13, 2023. Best Buy issued forecasts of a 2.2% compound annual growth rate through 2021; analysts noted that competition from Amazon.com likely played into the low growth expectations.
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