What year was amazon founded

Amazon (company)

what year was amazon founded

tangoo.info, Inc. is an American multinational technology company based in Seattle, Amazon was founded by Jeff Bezos on July 5, , in Bellevue, That same year, the company started Fulfillment by Amazon which managed the .


Amazon is known for its disruption of well-established industries through technological innovation and mass scale. Amazon is the second largest technology company by revenue. The company initially started as an online marketplace for books but later expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewelry. In , Amazon surpassed Walmart as the most valuable retailer in the United States by market capitalization. Amazon distributes downloads and streaming of video , music, audiobook through its Amazon Prime Video , Amazon Music , and Audible subsidiaries. Amazon also has a publishing arm, Amazon Publishing , a film and television studio, Amazon Studios , and a cloud computing subsidiary, Amazon Web Services.

Its headquarters are in Seattle , Washington. Its considerable online presence is such that, in , 1 percent of all Internet traffic in North America traveled in and out of Amazon. The company also makes the market-leading Kindle e-book readers. Its promotion of these devices has led to dramatic growth in e-book publishing and turned Amazon. On the basis of research he had conducted, Bezos concluded that books would be the most logical product initially to sell online. However, the promise of Amazon.

When Amazon first launched in as a website that only sold books, founder Jeff Bezos had a vision for the company's explosive growth and e-commerce domination. In author Brad Stone's book on the origins of Amazon, he paints a picture of the early days of the company and how it grew into the behemoth that it is today. Amazon's first lawyer, Todd Tarbert, convinced him that the name sounded too similar to "Cadaver," especially over the phone. Bezos also favored the name "Relentless. He finally chose "Amazon" because he liked that the company would be named after the largest river in the world, hence the company's original logo. It only took a few weeks before the bell was ringing so frequently that they had to turn it off. Also, Amazon got started out of Bezos' garage and the servers that the company used required so much power that Bezos and his wife couldn't run a hair dryer or a vacuum in the house without blowing a fuse.

What were you doing on July 5, ? That's the day -- 25 years ago this Friday -- Jeff Bezos first incorporated the company that went on to become Amazon. By now, the official story is well-known: Bezos left his job at a New York hedge fund, drove across country with his then-wife, MacKenzie, and launched from a Seattle garage. Almost everything in life seems inevitable in retrospect, but this was a radical, crazy idea at the time. So for the 25th anniversary of Amazon nee Cadabra , here are 12 fast facts about what the world looked like on July 5, , that put it all in perspective. If you're old enough, you can admit it: You probably didn't even use the internet in Only 0.

With this overview, get the facts on how the company began and learn more about its corporate culture. Amazon is a Fortune e-commerce company based in Seattle, Wash. It has the distinction of being one of the first large companies to sell goods over the Internet. If you're of a particular age, you likely remember that Amazon started out as an online bookstore and then quickly diversified by adding other items, including DVDs, music, video games, electronics, and clothing. In fact, it has described itself as "customer-obsessed. Amazon not only believes in putting customers first but also in ownership from its team.

As large and ubiquitous as Amazon is today, it's difficult to remember that it started in a garage. Jeff Bezos and his first few employees packed books and took them to the post office themselves in those first days. Instead, Borders filed for bankruptcy protection in and has since closed hundreds of stores. Meanwhile, Amazon has moved into almost every imaginable type of product, media, and service. It will account for nearly half of online retail sales in , according to eMarketer, and is laying the groundwork for a physical retail business ó equipped with labor-saving technologies like cashier-free checkout that has legacy grocery and convenience chains scrambling to catch up.

Amazon's extraordinary 25-year evolution

Biography Newsletter

One of the giants to survive the dotcom crash, Amazon. In 16 years, "Wall Street Wunderkind" Jeff Bezos has grown the business from a tiny startup operating on second-hand computers in his garage to a global company with 12 major retail websites. We've dug deep and found 10 fascinating facts about the etailing behemoth that you may not know. Take a look through the slide show and let us know in the comments any Amazon. Bezos instead named the business after the river reportedly for two reasons. One, to suggest scale Amazon.

This is the history of Amazon , an American internet sales company. The company was founded as a result of what Jeff Bezos called his "regret minimization framework", which described his efforts to fend off any regrets for not participating sooner in the Internet business boom during that time. The domain is still owned by Bezos and still redirects to the retailer. Bezos selected the name Amazon by looking through the dictionary; he settled on "Amazon" because it was a place that was "exotic and different", just as he had envisioned for his Internet enterprise. The Amazon River , he noted, was the biggest river in the world, and he planned to make his store the biggest bookstore in the world. But you know, McDonald's got copied.

Born in in New Mexico, Bezos had an early love of computers and studied computer science and electrical engineering at Princeton University. After graduation he worked on Wall Street, and in he became the youngest senior vice president at the investment firm D. Four years later, Bezos quit his lucrative job to open Amazon. Bezos graduated summa cum laude from Princeton University in with a degree in computer science and electrical engineering. Bezos showed an early interest in how things work, turning his parents' garage into a laboratory and rigging electrical contraptions around his house as a child. He moved to Miami with his family as a teenager, where he developed a love for computers and graduated valedictorian of his high school.

This is the history of Amazon, an American internet sales company. Amazon founder Jeff Bezos . In August of the same year Amazon would finalize the acquisition of Twitch, a social video gaming streaming site for $ million. This new.
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