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Amazing Amazon | What you know about Amazon?

Introduction:



Amazon was founded in 1994 by Jeffrey P. Bezos. Jeff Bezos incorporated the company (as Cadabra) in July 1994.  The name Amazon was founded soon after because the Amazon River is the largest in the world, and the letter “A” would help the company to show up at the top of alphabetical lists. and the site went online as Amazon.com in 1995. The name Amazon was founded soon after because the Amazon River is the largest in the world, and the letter “A” would help the company to show up at the top of alphabetical lists. The one thing that made them famous was their books.

Their first profit was reached in the last quarter of 2001. The logo itself is the company name. Amazon, with an arrow below, pointing from A to Z, representing that they could provide every product in the alphabet and also customer satisfaction, as it forms a smile. Amazons headquarters is in Seattle Washington United States. A major provider of cloud computing services.


Net Worth: $197.8 Billion recorded by Forbes on Aug 18, 2020. 



In 1994, Bezos left his job as vice-president of the Wall Street firm D.E. Shaw, moved to Seattle, and began to work out a business plan for what would become Amazon.com. After reading a report that projected annual Web growth at 2,300 percent, Bezos drew up a list of 20 products that could be sold on the Internet. He narrowed the list to what he felt were the five most promising: compact discs, computer hardware, computer software, videos, and books.

 Bezos eventually decided that his the venture would sell books over the Web, due to the large worldwide market for literature, the low price that could be offered for books, and the tremendous selection of titles that were available in print. He chose Seattle as the company headquarters due to its large high-tech workforce and its proximity to a large book distribution center in Oregon. 

Bezos then worked to raise funds for the company while also working with software developers to build the company's web site. The web site debuted in July 1995 and quickly became the number one book-related site on the Web.


Going Public in 1997:

After less than two years of operation, Amazon.com became a public company in May 1997 with an initial public offering (IPO) of three million shares of common stock. With the proceeds from the IPO, Bezos went to work on improving the already productive web site and on bettering the company's distribution capabilities.

Key Dates:

1995: Amazon.com debuts on the Web.

1997: The company goes public; Amazon.com becomes the first Internet retailer to secure one million customers.

1998: Amazon.com enters online music and video business; companies are acquired in the United Kingdom and Germany.

1999: The firm expands into selling toys, electronics, tools, and hardware; Bezos is named Time Magazine's "Person of the Year."

2001: Amazon.com reports its first net profit during the fourth quarter.

2002: AWS launched.

2006: AWS officially relaunched.

2007: Amazon launched Amazon Prime.

2007: Amazon launched the Kindle an e-reader which downloads content over Whispernet.

2011: Amazon announces its entry into the tablet computer market by introducing the kindle fire which operates on Android OS.

2012: Amazon unveiled the second generation the tablet called the Kindle Fire HD

2014: Amazon announced its Amazon Fire TV set-top box system

2014 July: Release Fire Phone

Nov 6,2014: Official release of Alexa.





During the COVID-19 crisis, amazon added 175,000 new jobs to help meet customer demand for essential products.

Thanks Amazon.

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Comments

  1. Kebal BhandariMay 18, 2021 at 8:44 AM

    Thank you soo much for your response sir. Get in touch.

    ReplyDelete

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