Starting in 2011, Amazon began shifting its focus to buying technology startups to develop and improve Amazon Echo and grow its Amazon Web Services division.Īmazon has diversified its acquisition portfolio into several market sectors, with its largest acquisition being the purchase of the grocery store chain Whole Foods Market for $13.7 billion on June 16, 2017. allows you to get Alexa Built-in complimentary for the first three years. The company returned to making multiple acquisitions per year in 2005, focusing on acquiring digital retailers and media websites. With Alexa Built-In, you can play music & podcasts, check weather & more. Despite Amazon's survival, the company made very few investments for the next several years, only acquiring two companies between 20.
Īfter the dot-com bubble burst on March 11, 2000, several companies that Amazon had invested in went bankrupt, with Amazon's stock price itself sinking to record lows. The funds gained from the IPO allowed Amazon to grow quickly, making its first three acquisitions on April 27, 1998, less than a year after the company had gone public. Amazon already has a strong presence in digital audio content via. The acquisition will give Amazon a stronger foothold to compete against the likes of Apple and Spotify, which have. Death and The Shrink Next Door, as the race to grab parts of the audio market. 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. Amazon to buy podcast maker Wondery Amazon is buying podcasting start-up Wondery, the company announced Wednesday. Amazon is acquiring Wondery, the company behind podcasts such as Dirty John, Dr.
The Amazon Spheres, part of the Amazon headquarters campus in SeattleĪ, Inc., is an American electronic commerce and cloud computing company headquartered in Seattle, Washington. Amazon in Exclusive Talks to Buy Podcast Studio Wondery, Wall Street Journal Reports Pharrell Launches Black Ambition Incubator.
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