Amazon.com, Inc., doing business as Amazon, is a multinational technology and retail company, primarily known for its e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence services. Jeff Bezos founded it on July 5, 1994, initially as an online bookstore, in Bellevue, Washington. It has since expanded to become the world's largest online retailer and marketplace. Amazon is considered one of the Big Five information technology companies. The company's mission is to be Earth's most customer-centric company, Earth's best employer, and Earth's safest place to work.
Currently, Andy Jassy serves as the President and Chief Executive Officer, succeeding Jeff Bezos in July 2021, who is now the Executive Chair. Other key leaders include Brian Olsavsky, Senior Vice President and Chief Financial Officer, and Matt Garman, CEO of Amazon Web Services (AWS). Recent news includes Amazon's increased investment in AI, robots, semiconductors, and satellites, with planned capital spending of nearly $200 billion. The company has also been involved in job cuts, with approximately 30,000 positions eliminated recently. Despite these cuts, Amazon is expanding its same-day grocery delivery and investing in employee skills training. Amazon has a market capitalization of $2.255 trillion as of February 2026, making it the 5th most valuable company in the world. In 2024, Amazon's total revenue was $638 billion, an 11% increase from the previous year. Some notable products and content from Amazon include Amazon Web Services (AWS), Amazon Prime, Kindle, Fire tablets, and Amazon Studios.