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The AmazonBasics brand was introduced in 2009, and now features hundreds of product lines, including smartphone cases, computer mice, batteries, dumbbells, and dog crates. Amazon owned 34 private-label brands as of 2019. These brands account for 0.15% of Amazon's global sales, whereas the average for other large retailers is 18%. [76]
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.com offers the option to add an item to a user's cart or purchase it immediately with 1-Click. The company has been criticized for its alleged use of patents as a competitive hindrance; its " 1-Click patent" [ 2] may be the best-known example. Amazon's use of the 1-click patent against competitor Barnes & Noble 's website led the Free ...