Amazon (Amazon.com) is the world’s largest online retailer
The company was originally a bookseller but has expanded to sell a wide variety of consumer goods and digital media as well as its own electronic devices, such as the Kindle e-book reader, Kindle Fire tablet and Fire TV, a streaming media adapter.
Jeff Bezos incorporated the company as Cadabra in 1994 but changed the name to Amazon for the website launch in 1995. Bezos is said to have browsed a dictionary for a word beginning with “A” for the value of alphabetic placement. He selected the name Amazon because it was “exotic and different” and as a reference to his plan for the company’s size to reflect that of the Amazon River, one of the largest rivers in the world.
Amazon is headquartered in Seattle, Washington. The company has individual websites, software development centers, customer service centers and fulfillment centers in many locations around the world.
Amazon has separate retail websites for the United States, the United Kingdom and Ireland, France, Canada, Germany, Italy, Spain, Netherlands, Australia, Brazil, Japan, China, India and Mexico. Amazon also offers international shipping to certain other countries for some of its products. In 2011, it professed an intention to launch its websites in Poland and Sweden.
In 2015, Amazon surpassed Walmart as the most valuable retailer in the United States by market capitalization,and is as of 2016 Q3 is the fourth most valuable public company.