1/11/23 - Slaying the Amazon Dragon
Amazon is one of the largest companies in the world, with a market capitalization of over $1 trillion as of 2021. The company was founded in 1994 by Jeff Bezos, and has since grown to become a retail and technology giant, operating in a wide range of industries.
One of the ways that Amazon has grown so large is through its acquisition of other companies. Over the years, the company has purchased a number of smaller businesses in order to expand its reach and capabilities. Some of the notable companies that Amazon has acquired include:
Amazon also has a significant presence in the e-commerce market. Amazon uses data from its vast collection of customer interactions, including browsing and purchase history, searches, and reviews, to identify and develop new products. The company analyzes this data to understand customer needs and preferences and uses this insight to develop best-selling products under the “Amazon” brand like “Amazon Basics”. Amazon is able to create these products and undercut competitors. Additionally, the company offers a variety of other services, such as cloud computing through Amazon Web Services, streaming video and music through Prime Video and Amazon Music, and more.
It is worth noting that Amazon's influence extends beyond its own services. Many businesses and individuals rely on the company's logistics and delivery network, and Amazon's scale gives it considerable leverage in the retail industry. This can make it difficult for other companies to compete with Amazon, which has led to some concerns about the company's power and impact on the economy.
Amazon Web Services (AWS) is a subsidiary of Amazon that provides web hosting and cloud computing services. AWS operates a global network of data centers and offers a wide range of services, including computing power, storage, databases, analytics, and more. These services are used by millions of customers around the world, including small businesses, startups, and large enterprises such as Netflix, Airbnb, and Spotify. According to recent data, AWS holds around 32% of the cloud infrastructure market share and generates more than $40 billion in revenue per year.
In short, Amazon is a giant company that has grown through a combination of organic growth and strategic acquisitions, and it operates across a wide range of industries. With its market dominance, strong logistics capabilities, and deep pockets, the company is a force to be reckoned with in the business world.