Selling everything from A to Z, Amazon is now the largest company in the world by annual revenue. You'd be hard-pressed to find anyone who hasn't bought something from the online superstore, but Amazon hasn't always been the company it is today. Many of us forget that the company started in a rented garage outside Seattle, and that at one point, it only sold books.
Three decades later, Amazon delivers packages, streams movies, rents out computing power to much of the internet, sells groceries, and makes its own devices. It employs more than 1.6 million people around the world. Its road there included a near-death experience in the dot-com crash, a phone nobody wanted, and a bookstore chain from the company long blamed for killing bookstores.
Not every bet paid off. But the ones that did changed how the world shops.
爆料TV put together a brief history of Amazon, highlighting the company's most defining moments from its humble origins to a stock market value well past $2 trillion. Founder Jeff Bezos' philosophy was always to "," and in 2025, Amazon . Here's everything you never knew about the global powerhouse.
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1 / 34July 5, 1994: Amazon founded
After a cross-country move from New York City to the Seattle area, Jeff Bezos founds the company on , working out of the garage of a rented house in Bellevue, Washington. Originally called Cadabra (as in "abracadabra"), the company is renamed Amazon before its website goes live. Amazon is one of the first online bookstores, born of Bezos' idea to capitalize on the internet's growth.
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2 / 34July 16, 1995: Amazon opens for business
Amazon's website (designed with help from Amazon's first employee, Shel Kaphan) spends months in beta, with friends, family, and early testers placing orders to help troubleshoot the system. The first customer order, placed in April 1995, is a copy of "Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought" by Douglas R. Hofstadter. On July 16, 1995, Amazon.com officially opens to the public.
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3 / 34Early 1996: Amazon moves
In its earliest days, Amazon operates out of Bezos' garage. A small team takes turns packing boxes and working from desks made from doors. After its first partial year and $511,000 in sales, Amazon relocates to a warehouse south of downtown Seattle.
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4 / 34Late 1996: Million-dollar revenues
By the end of 1996, Amazon has amassed a whopping in revenue. Now offering 2.5 million titles and employing 151 people, Amazon moves its corporate offices to central Seattle and its warehouse to a 93,000-square-foot building.
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5 / 34May 15, 1997: Amazon goes public
On May 15, 1997, Bezos takes Amazon public. With an initial offering of 3 million shares priced at $18, Amazon's stock climbs as high as $30 on its first day before closing at $23.50. The initial public offering raises $54 million.
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6 / 34November 1997: The Delaware fulfillment center
From its first weeks, Amazon makes sales in the tens of thousands of dollars. By the end of 1997, however, . Bezos explains to investors that he plans to defer profitability for up to five years to work on building infrastructure and technology. While this puts investors on edge, it doesn't scare them away entirely. In , Amazon opens the first of its fulfillment centers in Delaware.
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7 / 34December 1997: The one-millionth order
At the end of 1997, Jeff Bezos , a major milestone for the company. The order is placed by a customer in Japan, who purchases a Microsoft Windows NT manual and a biography of Princess Diana.
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8 / 34June 1998: Music and videos
When he began Amazon, Bezos made he thought would sell well over the internet. Books won out. He never saw Amazon as simply a bookstore, however, but a platform that sold a range of items. In 1998, the company takes its first foray into offering music and videos.
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9 / 34October 1998: Amazon goes international
Bezos dips his toe in international waters in 1998. After acquiring booksellers in the United Kingdom and Germany that spring, Amazon relaunches them as Amazon.co.uk and Amazon.de in October. The move lets Amazon sell to customers abroad while keeping costs low and inventory high.
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10 / 34December 1999: Time magazine's Person of the Year
By December 1999, Amazon has shipped more than 20 million items to all 50 states and more than 150 countries around the world. Time magazine honors this accomplishment by naming Jeff Bezos its Person of the Year. He's dubbed the "king of cybercommerce" and is the fourth-youngest person to be recognized by the magazine (35 at the time of publication).
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11 / 34January 2000: Amazon unveils a new logo
Amazon makes the official transition To acknowledge the company's change in focus, Amazon unveils a new logo. , designed by Turner Duckworth, replaces the abstract rendering of the Amazon River (which inspired the company's name).
January 2001: The dot-com bubble bursts
Amazon stays above the fallout of the dot-com bubble burst that has affected competitors for months. In January 2001, however, it finally begins to feel the effects. Amazon lays off 1,300 employees, closes a Seattle call center and a distribution center, and downsizes operations at its Seattle warehouse in the same month. Investors worry whether the company will survive.
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13 / 34November 2002: Amazon sells clothes
In 2002, Amazon begins selling clothes. The company's millions of users help it gain a foothold in the fashion industry. Amazon partners with 400 apparel brands in a bid to appeal to a diverse range of customers.
December 2003: Amazon turns its first annual profit
Amazon squeaked out its first quarterly profit at the end of 2001, but 2003 is the first full year the company finishes in the black. Nearly a decade after its founding, Amazon.com posts an annual profit of $35.3 million. Compared to 2002 (a loss of $149.1 million), this is a huge milestone for the world's largest online retailer.
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15 / 34August 2004: China
In a pricey landmark deal, Amazon buys Chinese online retailer Joyo.com in August 2004. The $75 million investment gives the company access to a major market, and Amazon begins selling books, music, and videos through the platform. China never becomes the win Amazon hoped for: Facing fierce competition from Alibaba and JD.com, Amazon in 2019.
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16 / 34February 2005: Amazon Prime debuts
When the loyalty program launches in , subscribers pay $79 a year, and benefits are limited to free two-day shipping. By 2018, Amazon had in the U.S. Today, a membership and includes fast shipping, Prime Video, and a long list of other perks. The program hasn't been without controversy: In September 2025, Amazon agreed to that it duped customers into enrolling in Prime and made it hard to cancel.
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17 / 34March 2006: Amazon Web Services takes off
Amazon spent the early 2000s running e-commerce operations for other retailers, including Target.com. Those lessons in building infrastructure at scale turned into something much bigger. On , Amazon Web Services launches S3, a cloud storage service, followed later that year by EC2, which lets businesses rent computing power by the hour. AWS is now the world's biggest cloud computing provider and Amazon's profit engine: In the third quarter of 2026 alone, AWS posted , up 39% from a year earlier.
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18 / 34November 19, 2007: The Kindle debuts
Amazon's , launches in November 2007. Featured in Newsweek magazine, the first-generation Kindle is dubbed "the iPod of reading," and costs $399. It sells out within hours, sparking demand for digital books.
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19 / 34January 2008: Amazon acquires Audible
Amazon looks to dominate the print and digital book markets as well as audiobooks. In January 2008, Amazon agrees to acquire
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20 / 34January 2010: The Macmillan dispute
Amazon's grip on the book business only tightens after buying Audible, which goes on to hold . In January 2010, Amazon finds itself locked in a public battle with publisher Macmillan over e-book pricing, even pulling Macmillan titles from its site. In one of its biggest brushes with the publishing industry to date, Amazon eventually backs down and allows Macmillan to set its own prices.
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21 / 34March 2012: Kiva
In 2012, Amazon buys for $775 million. The company manufactures robots that move shelves of products weighing up to 700 pounds. The robots cut the fulfillment centers' operating costs by 20% and drastically improve efficiency, creating an even wider gap between the giant and its competitors. Kiva has since been renamed Amazon Robotics, and in July 2025, Amazon .
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22 --> / 34July 2013: President Obama's Amazon speech
Many of Amazon's warehouse jobs offer middle-class wages, which is why President Barack Obama chooses to in an Amazon warehouse in Chattanooga, Tennessee. He praises Amazon as an example of a large company doing its part to rebuild the economy. Amazon now employs more than 1.6 million people worldwide.
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23 / 34November 2013: Sunday package delivery
Mail usually isn't delivered on Sundays, but in late 2013, Amazon works out a deal with the U.S. Postal Service to have USPS carriers deliver its packages on Sundays, starting in Los Angeles and New York. Amazon is the first company to strike this type of deal, and its customers can now get packages seven days a week.
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24 / 34June 2014: The Fire Phone
In an uncharacteristic misstep, Amazon unveils the in June 2014. Factors like its price ($650 without a contract) and a lack of popular apps (like Google Maps or Starbucks) render the phone a flop with consumers. Just months after launch, Amazon takes a $170 million write-down, largely on unsold Fire Phone inventory.
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25 / 34August 2014: Twitch Interactive
Amazon buys , a fast-growing video game streaming company, for $970 million in cash. The acquisition bolsters Amazon's growing games division and pulls the entire gaming community into its orbit.
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26 / 34November 2015: Brick-and-mortar bookshops
Many consumers view the opening of Amazon's first as an ironic twist of fate. The tech giant has long been blamed for the decline of independent bookshops, and when its first location opens in Seattle (with lines around the block), people have a lot to say. The experiment doesn't last: In March 2022, Amazon , along with its 4-star shops and pop-up locations.
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27 / 34June 2017: Amazon acquires Whole Foods
While Amazon dominates almost all of the markets it enters, the company has long struggled to gain a foothold in the highly competitive grocery business. In 2017, Amazon buys for $13.4 billion. Amazon has since integrated the two companies' distribution systems and extended discounts to Prime members. In January 2026, Amazon announced it would and make Whole Foods its primary physical grocery brand, with plans to open more than 100 new locations.
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28 / 34September 2018: The $1 trillion market cap
In a historic moment, Amazon crosses the . It's only the second U.S. company in history to meet that benchmark (Apple hit it a month earlier). Amazon didn't stop there: It for the first time in June 2024.
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29 / 34October 2018: The minimum wage boost
Jeff Bezos spent years as the world's richest person, and Amazon faced heavy criticism over employees' wages. In early 2018, the company's median annual pay was $28,446. Challenged by progressive leaders, Bezos announces in October that , more than double the federal minimum wage. In September 2025, Amazon said it was raising .
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30 / 34November 2018 and February 2019: HQ2
On Nov. 13, 2018, after almost a year-long search, Amazon announces that will be split between New York City and Virginia. Hundreds of cities put in bids for the $5 billion project and its promised 50,000 jobs.
However, on Feb. 14, 2019, Amazon for the Queens-based campus due to intense opposition from local politicians and activists. The Arlington, Virginia, campus moved forward, and its first phase, Metropolitan Park, opened in June 2023. The .
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31 / 34July 5, 2021: Bezos steps down as CEO
Exactly 27 years after founding the company, Jeff Bezos , the executive who built Amazon Web Services. Bezos becomes executive chairman, freeing up time for his other ventures, including space company Blue Origin and The Washington Post. Two weeks later, he rides one of Blue Origin's rockets to the edge of space.
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32 / 34March 2022: Amazon buys MGM
Amazon , the nearly century-old Hollywood studio behind the James Bond and "Rocky" franchises. The deal hands Prime Video a library of thousands of films and TV episodes, and it makes Amazon a major Hollywood player.
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33 / 34February 2025: Alexa gets an AI overhaul
More than a decade after Alexa first arrived in Echo speakers, Amazon , a rebuilt version of its voice assistant powered by generative AI. The new Alexa can carry on more natural conversations and complete tasks like booking reservations. It's free for Prime members and $19.99 a month for everyone else.
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34 / 34October 2025 and January 2026: 30,000 corporate layoffs
As it pours billions into artificial intelligence, Amazon in October 2025. A second round of roughly 16,000 cuts follows in January 2026, bringing the total to , the largest layoffs in the company's history. The business itself keeps growing: Amazon in the third quarter of 2026, up 12% from a year earlier.
This story was updated by Colby Droscher.