You just learned that in 2002, Amazon added its Prime service for free shipping 📦

Let’s explore what happened next.

Suddenly, a simple online bookstore had become a massive tech giant 🧑‍💻

So, Amazon launched their own web services (AWS) in 2006 🎮

By building tech to support other online businesses, smaller companies had to rely even more on Amazon, instead of competing! 🌐

That year, Amazon’s revenue was a whopping $10.7 billion 🤑

8 years later, based on the success of AWS and the continued growth of Amazon.com, annual revenue jumped to $88.9 billion 🤯

By 2016, Amazon’s annual revenue was $135 billion as they launched the Amazon Echo 🔈

As Amazon supported customer’s daily lives more and more, Bezos decided to look into the essential product of all: food 🥦

So, Amazon acquired Whole Foods, a gourmet grocery store, for $13.7 billion in 2017! 🏦

Even after the acquisition, Amazon was making $178.9 billion per year 🤑

In 2018, Amazon launched Amazon Go, a convenience store that operates without any staff 🛍️

At the time, it’s annual revenue was a whopping $232.9 billion

In 2020, Amazon's annual revenue was $386 billion and it continues to grow rapidly today under the leadership of Andy Jassy, Amazon’s new CEO as of 2021 🚀