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Third-party vendors sell their products using Amazon's online marketplace platform. Amazon's popularity as an e-commerce site enables many third-party sellers to reach a wider customer base and grow their businesses. For this service, Amazon charges commission fees, shipping fees, and related fulfillment costs. In the third-party marketplace business, founder Jeff Bezos has stated Amazon's main competitor is auction site eBay. Amazon sells a variety of subscription services. Its most popular paid subscription service is Amazon Prime, which has million members around the world as of The company also sells subscriptions for e-books, audiobooks, digital video, and digital music.
Amazon Web Services AWS is the company's cloud platform, offering over services such as machine learning , artificial intelligence, storage, and analytics. AWS customers include startups, enterprises, and government agencies. Amazon is a well-diversified company that benefits from several profitable revenue streams. The company specializes in disruptive innovation and can afford to fund forays into new industries in order to take market share away from its competitors.
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