Amazon
Founded by Jeff Bezos on July 5, 1994, Amazon is an American multinational technology company which originally began as an online bookstore. Today, it has expanded its scope of products and services, becoming one of the world's largest technology companies.
At present, it is led by Andy Jassy, who succeeded Bezos as the CEO after the latter resigned in 2021.
Amazon's primary business is its online marketplace, where it sells products in various categories such as electronics, books, apparel, home goods, and more.
In 2005, Amazon introduced its subscription service, Amazon Prime, which offers benefits like free two-day shipping, access to the OTT platform Amazon Prime Video, ad-free music streaming, and more. In 2006, Amazon launched its cloud computing platform, Amazon Web Services (AWS).
In 2007, Amazon introduced the Kindle e-reader, which revolutionised the way of reading digital books, newspapers, and magazines. Providing access to a wide range of e-books and digital content, the Kindle ecosystem allows users to purchase and read digital books, newspapers, and magazines on a portable device.
Alongside this, Amazon has also developed two intelligent virtual assistants called Alexa and Echo. These devices can perform tasks, interact with users through voice commands, control smart home devices, play music, and more.
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News
Nvidia reports 94% jump in revenue to $35.1B in Q3 FY25
Bhuvana Kamath | November 21, 2024
Despite Nvidia exceeding expectations for both revenue and earnings in Q3, the company's stock fell nearly 2% in after-hours trading, closing at $143.50.
App
PhonePe becomes the Top-Rated app on the Apple App Store in India
Brand Solutions | November 20, 2024
~ With 6.4 Million ratings and an average of 4.7 stars, surpasses YouTube, Instagram & WhatsApp ~
Funding
Quick commerce logistics startup Blitz raises Rs 51 Cr in Series A round led by IvyCap Ventures
Trisha Medhi | November 20, 2024
With this new fund, the company aims to enhance its 60-minute delivery infrastructure and expand its dark store network across India’s top 20 cities.
AI Gen
Is Mamaearth Losing Its Natural Charm? What’s Really Happening?
Nucleus_AI | November 19, 2024
Mamaearth, once a trailblazer in India's beauty and personal care sector, has recently faced significant challenges, culminating in a...
News
Ranveer Singh launches SuperYou, a protein food and supplements brand
Bhuvana Kamath | November 18, 2024
Backed by a planned investment of Rs 40-50 crore over the next 18-24 months, SuperYou aims to achieve Rs 500 crore in revenue within the next five years.
News
The Good Glamm Group acquires 100% stake in The Moms Co
Trisha Medhi | November 18, 2024
This strategic acquisition marks another significant milestone for the Group as it continues to expand its presence in the fast-growing beauty and wellness market.
Daily Capsule
Storytelling through the female gaze; Recreating history via costumes
Team YS | November 17, 2024
Indian storytellers Leena Yadav, Sutapa Sikdar, Atika Chohan, Anupama Chopra, and Sandhya Mridul discuss female characterisation in films. costume designer Pia Benegal and actor Rajit Kapur highlight costume design's role in films. NOE presents classic ingredients with a modern flair.