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Amazon.com, Inc., [1] doing business as Amazon (/ ˈ æ m ə z ɒ n /, AM-ə-zon; UK also / ˈ æ m ə z ə n /, AM-ə-zən), is an American multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. [5]
In June 2019, Amazon expanded its one-day delivery with Amazon Prime, stating that Prime Free One Day was available to U.S. members on more than 10 million products with no minimum purchase. [43] In June 2018, Amazon launched Prime Australia, with a 2-business-day delivery promise, free delivery of international orders, and Amazon Video. [9]
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On July 22, 2009, Amazon announced that it would buy Zappos for $940 million in a stock and cash deal. [ 19 ] [ 20 ] [ 21 ] Owners of shares of Zappos were set to receive approximately 10 million Amazon.com shares, and employees would receive a separate $40 million in cash and restricted stock units. [ 21 ]
The funds gained from the IPO allowed Amazon to grow quickly, making its first three acquisitions on April 27, 1998, less than a year after the company had gone public. [2] After the dot-com bubble burst on March 11, 2000, several companies that Amazon had invested in went bankrupt, with Amazon's stock price itself sinking to record lows. [3]
Rakuten Group, Inc. [a] (楽天グループ株式会社, Rakuten Gurūpu kabushikigaisha, pronounced [ɾakɯ̥teɴ], lit. ' Optimism ') is a Japanese technology conglomerate based in Tokyo, founded by Hiroshi Mikitani in 1997.
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