Even a small kid will know, what Amazon is today! Because it is one the largest platform of buyers and sellers here are some astonishing facts about Amazon you should know.
1. Founded more then 21 years ago on July 5, 1994 Jeff Bezos is the chairman of amazon largest Internet-based retailer in the United States.
2. Amazon was started as an online book store which later started selling DVDs, CD, Video downloads, video games and many other such goods.
3. Amazon offers separate retail websites for United States, United Kingdom and Ireland, France, Canada, Germany, Italy, Spain,Netherlands, Australia, Brazil, Japan, China, India and Mexico
4. In 1994, Bezos left his employment as vice-president of D. E. Shaw & Co., a Wall Street firm, and moved out. He then began to work on a business plan which eventually became Amazon.com.
5. Jeff Bezos incorporated the company as “Cadabra” on July 5, 1994. Bezos changed the name to Amazon a year later after a lawyer misheard its original name as “cadaver”. The company went online as Amazon.com in 1995.
6. Just after noting amazon river is the biggest river in the world, and the word amazon means exotic and different, Bezos wanted to create this store the largest store in the world.
7. Amazon was originally founded in Bezos’ garage in Bellevue, Washington.
8. In July 1995, the company began service and sold its first book on Amazon.com: Douglas Hofstadter’s Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought and soon after that in October 1995, the company announced itself to the public.
9. Barnes & Noble sued Amazon on May 12, 1997, alleging that Amazon’s claim to be “the world’s largest bookstore” was false. Barnes and Noble asserted, “It isn’t a bookstore at all. It’s a book broker.”
10. PowerPoint presentations, for instance, are banned by the company. Instead, all meetings begin with a silent, 30-minute reading session about the topic at hand. This is to emphasize critical thinking over oversimplified stats.
11. As a cost-savings measure in its early days, Amazon constructed desks from cheap woods.
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12. Bezos met his wife, MacKenzie, when he was working at a hedge fund in the nineties. “My office was next door to his, and all day long I listened to that fabulous laugh,” she told Vogue in 2013. “How could you not fall in love with that laugh?” They got engaged three months after they began dating and married three months after that. They have four children — three boys and a girl.
13. In addition to the Post, Bezos founded space travel company Blue Origin in 2000, and is also spearheading the construction of a 10,000 Year Clock inside a mountain range in West Texas.
14. When Amazon.com crashed for 40 minutes in 2013, the company lost reported $4.8 million.
