Updated: Nov 11, 2018
Amazon is a huge company that was founded by Jeff Bezos. Initially, Amazon was first known as a retail website bookstore. From then on, it grew to be the second known largest company in the U.S., followed up by Apple. Now, you can buy electronics, books, and even grocery items on their large platform. It also offers cloud computing, which is the use of network servers hosted on the Internet. Amazon may be somewhat known for selling books but also helps the people publish their books. Well, here is a surprising fact. In September, Amazon passed 1 trillion dollars by selling products. They only ran the company for roughly 24 years and managed to make this much. Incredible, right? Last January, Jeff Bezos had a net worth of 160 billion dollars, making him the wealthiest man on earth.
Before, people bought products from other stores, but when Amazon came along in the U.S., gradually, it increased to five percent of all the market purchases made by the U.S. Even though it doesn't seem much, but it is quite considerable. Recently, Amazon created a store called “Amazon Go.” Here’s how it works. First, you have to scan a code on your phone. Then, you grab the item off the shelf (they designed cameras to see what you grabbed off). Finally, you leave (the code connects to your credit card account, and then it’s done). It’s as simple as that. There is another way to buy other products like with Alexa, a smart electronic device that can order your items. For example, you would ask, “Hey Alexa, buy me some eggs.” And then it will buy you some eggs. It’s just that easy. It’ll ship to you in 2 days, only if you have Prime. Amazon has an excellent foundation currently, but will this remain constant? As tech stocks drop, the future of Amazon is waiting to be uncovered.