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Amazon is an American multinational technology company founded by Jeff Bezos in 1994 as an online bookstore. It grew into one of the world's largest e-commerce platforms and cloud computing providers through Amazon Web Services, expanding into streaming, artificial intelligence, smart devices, and logistics, becoming one of the most valuable companies in the world. More Less
1994
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In 1994, Jeff Bezos left his job as a vice president at D. E. Shaw & Co., a Wall Street hedge fund, to pursue the opportunity of building an online business, ultimately leading him to found Amazon.
Image source: Jeff Bezos
1994
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Bezos' parents invested almost $245,573 (equivalent to $518,900 in 2025) in the start-up, providing crucial early funding that helped launch Amazon.
Image source: History of Amazon
Jul 5, 1994
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Amazon was founded by Jeff Bezos from his garage in Bellevue, Washington, on July 5, 1994, beginning as an online bookstore with ambitions far beyond selling books.
Image source: Amazon (company)
Jul 5, 1994
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On July 5, 1994, Bezos initially incorporated the company in Washington state under the name Cadabra, Inc., before later adopting the name Amazon.
Jul 16, 1995
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On July 16, 1995, Amazon opened as an online bookseller, offering the world's largest collection of books to anyone with World Wide Web access.
Oct 1995
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In October 1995, the company announced itself to the public, marking its formal introduction as an online retailer after months of operating quietly.
1996
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In 1996, Amazon was reincorporated in Delaware, a common move for companies seeking favorable corporate legal structures as they grow.
May 12, 1997
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On May 12, 1997, Barnes & Noble sued Amazon, alleging that Amazon's claim to be "the world's largest bookstore" was false because it "...wasn't a bookstore at all."
May 15, 1997
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Amazon issued its initial public offering of capital stock on May 15, 1997, at $18 per share, on the NASDAQ stock exchange under the symbol AMZN.
Jun 1998
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In June 1998, the company began to offer music, expanding beyond books and taking a major step toward becoming a broad online retailer.
Oct 16, 1998
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Walmart sued Amazon on October 16, 1998, alleging that Amazon had stolen Walmart's trade secrets by hiring former Walmart executives.
1999
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In 1999, Amazon first attempted to enter the publishing business by buying a defunct imprint, "Weathervane", and publishing books "selected with no apparent thought", according to The New Yorker. The imprint quickly vanished again, and as of 2014 Amazon representatives said they had never heard of it.
Oct 1999 - Feb 2000
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Between October 1999 and February 2000, Amazon's logotype came to feature a curved arrow leading from A to Z, representing that the company carries every product from A to Z, with the arrow shaped like a smile.
2001
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In 2001, the dot-com bubble burst, destroying many e-companies in the process, but Amazon survived and moved forward beyond the tech crash to become a huge player in online sales.
Image source: Dot-com bubble
1 Oct 2001 - 31 Dec 2001
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The company finally turned its first profit in the fourth quarter of 2001: $0.01 (i.e., 1¢ per share), on revenues of more than $1 billion.
2014
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In 2014, Amazon purchased the top level domain .buy in auction for over $4 million, securing valuable digital real estate for future commerce ventures.
2014
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In 2014, Amazon launched the Fire Phone, its entry into the smartphone market, though the device ultimately failed to gain significant market traction.
Image source: Fire Phone
Sep 2016
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In September 2016, Amazon announced plans to locate a second headquarters in a metropolitan area with at least a million people, sparking a nationwide competition among cities.
Image source: Amazon HQ2
Oct 19, 2017
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Cities needed to submit their presentations by October 19, 2017, for the project called HQ2, drawing proposals from more than 200 North American cities.
Aug 8, 2018
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According to an August 8, 2018, story in Bloomberg Businessweek, Amazon held about a 5% share of US retail spending (excluding cars, car parts, and visits to restaurants and bars), and a 43.5% share of online spending in the U.S., with forecasts pointing to 49% of total American online spending in 2018.
Nov 2018
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In November 2018, Amazon announced it would open its highly sought-after new headquarters, known as HQ2, in Long Island City, Queens, New York City, and in the Crystal City neighborhood of Arlington County, Virginia.
Feb 2019 - 2030
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The company plans to locate at least 25,000 employees at HQ2 by 2030 and will invest more than US$2.5 billion to establish its new headquarters in Crystal City as well as neighboring Pentagon City and Potomac Yard, an area jointly marketed as "National Landing." The announcement also created a new partnership with Virginia Tech University to develop an Innovation Campus to fill the demand for high-tech talent in National Landing and beyond.
Feb 14, 2019
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On February 14, 2019, Amazon announced it was not moving forward with plans to build HQ2 in Queens but would instead focus solely on the Arlington location.
2020
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Amazon generated $386 billion in US retail e-commerce sales in 2020, up 38% over 2019, as the pandemic accelerated the shift to online shopping.
2011
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In 2011, Amazon had 30,000 full-time employees in the US, reflecting the company's rapid growth in operations and fulfillment infrastructure.
Dec 31, 2016
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By the end of 2016, Amazon had grown to 180,000 employees, a sixfold increase from five years earlier, driven by expansion of its retail, cloud, and logistics businesses.
2017 - 2020
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In 2017, Amazon announced it would build a new downtown Seattle building with space for Mary's Place, a local homeless charity, which opened in 2020.
Image source: The Rising (album)
Dec 31, 2017
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At the end of 2017, Amazon had over 566,000 employees worldwide, reflecting explosive growth across its retail, cloud computing, and logistics operations.
Sep 2018
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Amazon launched the last-mile delivery program and ordered 20,000 Mercedes-Benz Sprinter Vans for the service in September 2018, expanding its in-house delivery capabilities.
Image source: Prime Now
Mar 2020
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At the end of March 2020, some workers of the Staten Island warehouse staged a walkout in protest of the poor health situation at their workplace amidst the 2020 COVID-19 pandemic.
Image source: Amazon Labor Union
Mar 17, 2020 - Apr 10, 2020
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From March 17 to April 10, 2020, Amazon warehouses stopped accepting non-essential items from third-party sellers to prioritize medical supplies and household staples during the COVID-19 pandemic.
Image source: Impact of the COVID-19 pandemic on the environment
Nov 14, 2022
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On November 14, 2022, it was announced that Amazon had plans to lay off 10,000 employees among its corporate and technology staff amid cost-cutting measures.
Jan 2023
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The number of planned layoffs increased to 18,000 in a January 2023 announcement, one of the largest workforce reductions in the company's history.
2023
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With more than one million workers employed in warehouses around the world, Amazon in 2023 started testing humanoid robots that provide partial automation of its work tasks.
Dec 2016
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Amazon Go was initially opened for Amazon employees in December 2016, testing its cashierless checkout technology before opening to the general public.
Image source: Amazon Go
Jan 22, 2018
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On January 22, 2018, Amazon Go, a store that uses cameras and sensors to detect items that a shopper grabs off shelves and automatically charges their Amazon account, was opened to the general public in Seattle.
Sep 27, 2018
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Amazon announced it would debut the Amazon 4-star store in the Soho neighborhood of New York City on Spring Street between Crosby and Lafayette on September 27, 2018, selling highly rated products from its online marketplace.
Dec 31, 2018
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By the end of 2018, Amazon was operating a total of 8 Amazon Go stores located in Seattle, Chicago, San Francisco and New York.
Oct 1, 2021 - Dec 31, 2021
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In late 2021, Amazon opened two 4-star stores in the United Kingdom, extending the concept internationally.
Mar 2022
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In March 2022, Amazon announced that it would be closing all 4-star stores, along with their Books and Pop Up stores, across the US and the UK, stating that they were refocusing on their grocery and fashion stores.
Aug 2024
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As of August 2024, Amazon Go had 23 locations in New York, California, Washington, and Illinois, continuing its gradual expansion of cashierless stores.
Jun 2017
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In June 2017, Amazon announced that it would acquire Whole Foods, a high-end supermarket chain with over 400 stores, for $13.4 billion, marking its biggest push into brick-and-mortar retail.
Image source: Whole Foods Market
Aug 23, 2017
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On August 23, 2017, Whole Foods shareholders, as well as the Federal Trade Commission, approved the deal, clearing the way for Amazon's acquisition of the grocery chain.
May 17, 2021
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After months of speculation due to MGM's poor financial performance from the COVID-19 pandemic's impact on the movie industry, Amazon entered negotiations to acquire MGM at an estimated $9 billion on May 17, 2021.
Image source: MGM Holdings
May 26, 2021
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The companies agreed to the merger deal on May 26, 2021, for a total value of $8.45 billion, subject to regulatory approval.
Mar 17, 2022
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The merger was finalized on March 17, 2022, following the expiration of the FTC's review deadline and having cleared the European Commission two days earlier on March 15.
Mar 18, 2022
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Two town halls further detailing MGM's future post-merger took place on March 18, 2022, which included one for MGM employees and one for Amazon Studios/Prime Video employees.
Apr 27, 2022
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On April 27, 2022, it was announced that Michael De Luca and Pamela Abdy would leave the studio following Amazon's acquisition of MGM.
Image source: Metro-Goldwyn-Mayer
Sep 25, 2023
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On September 25, 2023, Amazon and artificial intelligence startup Anthropic announced a strategic partnership in which Amazon would become a minority stakeholder by investing up to US$4 billion, including an immediate investment of $1.25 billion.
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