How Big is Amazon

[Music] founded by jeff bezos on july 5th 1994 amazon has grown as the world's largest online retailer by revenue and market cap at first amazon started selling online books and today the company sells items ranging from clothing to home decor furniture and everything in between and beyond have you ever thought how big amazon is and what all it does own and run and have [Music] how big is amazon amazon is one of the most reputable companies the company holds the highest value of its stock share in the market now staying at the top by market cap in the last three months of 2020 the retail company made sales of 125.56 billion dollars with a net worth of 1.7 trillion dollars amazon warehouses are 800 000 square feet where products are stored packed and shipped not only does the company own its e-commerce platform but also it has many subsidiaries in control these subsidiaries include companies like whole foods market goodreads and diapers.com amazon's main business areas include amazon prime cloud computing services entertainment industry movies streaming amazon inventory includes more than 12 million items belonging to different categories amazon a big e-commerce giant definitely has competitors in the online retail industry like walmart but the fact is that amazon is big enough to surpass walmart's net sales according to forbes in may amazon has become the largest online retailer leaving walmart behind in 2015 the company raised its market cap to the top holding annual sales of 232 billion dollars the company surpassed all its competitors today amazon has more than 5 million sellers across the globe simply put any retailer who wants to put their physical goods online for selling will have a hard time growing as big as amazon amazon owns 47 percent of the united states e-commerce market share in 2020. recently the company owns cloud computing e-commerce artificial intelligence consumer electronics digital products self-driving cars and more does amazon own all the products that it has listed on its platform the answer is no almost half of the products that amazon sells through their platform belong to small business owners entrepreneurs and other sellers amazon is the second biggest private employer company in the world having more than 1 million global employees this company has the highest brand value worldwide additionally amazon prime a two-day delivery service has 142.5 million subscribers by the end of 2020. besides the company is among the big five companies in the it industry of the united states on top of all amazon is the most influential global company in cultural and economic aspects with many innovative products and services the company is not stopping here there are more plans on the go recently the company introduced amazon go a convenient grocery store where users only need to pick the products off the shelves after that the virtual cart carries the products and weighing sensors calculate the purchasing amount the company is planning to open such stores in london as well moreover the company is about to bring this technology to the hyundai department store in south korea bloomberg reported that home cleaning robots by amazon are also in the making to assist people further amazon is working to make alexa a cloud-based voice assistant more interactive with human beings to make it their natural companion with all these facts amazon has further growth plans in the pipeline and we will see more in 2021 [Music]

Channel: WC Daily

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Id: SWjpbc-FJII

Length: 4min 7sec (247 seconds)

Published: Thu Mar 18 2021