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Amazon was founded on July 5, 1994, by Jeff Bezos in Bellevue, Washington. [6] The company originally started as an online marketplace for books but gradually expanded its offerings to include a wide range of product categories. This diversification led to it being referred to as "The Everything Store". [7]
With all of Amazon's success, its long-term investors have been richly rewarded -- and as a result, the shares aren't cheap. The stock trades at a price-to-earnings (P/E) ratio of 50, nearly ...
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Amazon is also in the process of building a retail hub of operations center in Nashville, Tennessee. On August 21, 2019, Amazon opened its largest campus in the world at Nanakramguda in Hyderabad, India. It is the first Amazon-owned campus located outside the United States and features the single largest Amazon-owned building in the world.
The Amazon Labor Union was founded on April 20, 2021, by a labor-activist group founded by Chris Smalls called The Congress of Essential Workers (TCOEW). Smalls, along with Derrick Palmer, had organized a walkout at the JFK8 facility to protest Amazon's handling of the COVID-19 pandemic, which had led to the firing of Smalls.
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