How did Amazon become the world’s largest Internet company that it is today? Many years of strategic business deals! The company first got its start in 1994 as an online bookstore, far from the online retail titan it is today.
Then in 1998, it began its many years of purchasing and investing in websites and companies across a variety of industries and then converting them into Amazon websites.
The past 10 years saw an uptick in technology and artificial intelligence companies being added to the portfolio, which we now know have been incorporated into high-tech products like Alexa and Echo.
Thanks to the past twenty years of investing in the company, Amazon’s revenue in 2018 reached a whopping $233 billion dollars! It is now the largest Internet company by revenue and a major leader in the online retail industry.
This infographic from TitleMax explores the path Amazon took in its acquisitions and investments over the past 25 years to become what it is today.