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Amazon.com, Inc., is an American electronic commerce and cloud computing company headquartered in Seattle, Washington. Founded by Jeff Bezos on July 5, 1994, as an online bookstore, Amazon went public after an initial public offering on May 15, 1997, during the midst of the dot-com bubble. [1] The funds gained from the IPO allowed Amazon to ...
Amazon Prime electric delivery vans in north London. In 2005, Amazon announced Amazon Prime as a membership service offering free two-day shipping within the contiguous United States on all eligible purchases for an annual fee of $79 (equivalent to $123 in 2023) and discounted one-day shipping rates.
The fine, about 4.2 percent of Amazon's reported $21.3 billion 2020 income, and was the largest ever imposed for a violation of the GDPR. Amazon announced that it would appeal the decision. In June 2023, Amazon agreed to pay the US Federal Trade Commission (FTC) $25 million for violating children's privacy with its Amazon Alexa. The company was ...
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