Amazing facts about Amazon that everyone should know
Amazon is one of the most valuable brands in the world. It is a multinational technology company mainly focused on e-commerce, digital marketing, artificial intelligence and cloud computing.
Jeff Bezos is the founder of Amazon based in Seattle, United States. Amazon is considered as one of the biggest technology companies along with Microsoft, Apple and Google. Amazon was founded in 1995.
1. Company started by selling books
Jeff Bezos created a list of 20 products that could be sold online. He found 5 most promising products which could produce huge income, those five products are computer hardware, computer software, videos, compact discs and books.At last Bezos finally decided to sell books.
The founder of Amazon Jeff Bezos started the company by seeking books in 1995.
Today Amazon sells a lot of things such as retail goods, consumer electronics. Amazon offers web services, cloud storage, Amazon prime, digital content and many more.
Jeff Bezos knew that to achieve success he needs to expand the company and he needs to sell everything whatever he can. Bezos knew that everything will be online in the future.
2. Amazon first name
Cadabra was the first name of Amazon which is a short for the "Abracadabra". Abracadabra is a magic term for stage magic tricks.
3. Why Amazon named as Amazon
Amazon is the biggest river in the world. The founder of Amazon Jeff Bezos wanted to make his company the biggest bookstore in the world, that's why he named his startup as Amazon.
Today Amazon is the largest online retailer of consumer goods in the world.
4. The first book sold by Amazon
The first book sold by Amazon was "fluid concepts and creative analogies by Doug hofstader".
This book explores the mechanism of intelligence through computer modelling. The first book sold by Amazon on April 3,1995.
5. Amazon logo
The logo represents the smile of a customer when he/she purchases something on Amazon. It represents the smile experienced by a customer by shopping on Amazon.
The Amazon logo also represents that it sells everything from A to Z. As you can see the arrow Mark from A to Z. The logo actually looks simply but it has a meaning.
6.IMDB
I think many people don't know that IMDB is owned by Amazon. In 1995 IMDB was owned by Amazon.
IMDB stands for internet movie database is an online database of information related to films.
It also includes the information related to home videos, television programs, streaming online content and video games.
7. Amazon prime
Amazon launched Amazon prime in September 7,2006. Amazon prime is an internet video on demand service that is developed and owned by Amazon.
Amazon prime has more than 150 million users worldwide.
8. Amazon IPO
Amazon went public on may 15,1997. Amazon initial public offering (IPO) started with a share price of 18 dollars per share. Today Amazon stock price is 2734 dollars per share.
Starting from 18 dollars per share in 1997 to more than 2700 dollars in 2020, Amazon has came a long way, this shows the success of Amazon.
If you invested 100 dollars in Amazon during its initial public offering (IPO) in 1997 today it would be worth 1.5 million dollars. You would have became a millionaire by just investing 100 dollars.
9. Richest person in the world
Today Amazon founder Jeff Bezos is the richest person in the world with a net worth of 151 billion dollars. Bezos owns 12% stake in Amazon. He owns more than 57 million shares of Amazon.
According to a report Jeff Bezos makes 2489 dollars per second this means he earns 149,340 dollars per minute.
Jeff Bezos also became the first centi-billionaire on Forbes wealth index. He is the richest person in the world since 2017.
The second richest person in the world is the founder of Microsoft bill gates with a net worth of 109 billion dollars.
10. Trillion dollar company
Amazon officially joined the one trillion dollar club. Amazon reached a market valuation of one trillion dollars.
Currently Apple, Alphabet, Microsoft and Amazon are the only four companies with a market capitalisation of one trillion dollars. Apple became the first company to reach one trillion dollars.
11. Relentless.com
In 1994 Jeff Bezos owned a domain named relentless.com . Bezos wanted to name his online store as relentless but his friends suggested him to change the name because relentless sounded a little bit sinister.
The domain relentless.com is still owned by Jeff Bezos. In fact relentless.com still redirects to Amazon.com
12. Amazon alexa
Amazon alexa was released on November 6,2014. It is virtual assistant Artificial intelligence (AI) technology created by Amazon.
Amazon alexa is capable of voice interaction, making to-do lists, streaming podcasts, music playback , provides weather, sports and traffic information, and also provides real time information such as news.
Amazon alexa is available in English, French, German, Japanese, Italian, Spanish, Portuguese and Hindi.
13. Amazon Web services
Amazon Web services (AWS) launched in March 2006. It provides on demand cloud computing platforms and APIs (application programming interface) to companies, governments and individuals.
Currently Andy jassy is a chief executive officer (CEO) of Amazon Web services. Annapurna labs and aws elemental is a subsidiary of Amazon Web services.
14. Twitch
Twitch is an online live video streaming service operated by twitch interactive. Twitch was launched in June 6,2011.
Twitch interactive was acquired by Amazon on August 25,2014 for 970 million dollars. Now, twitch is a subsidiary of Amazon. Twitch specially focuses on video game live streaming.
. Amazon subsidiaries
A9.com, Abebooks, Amazon air, Amazon books, Amazon game studios, Amazon Lab126, Amazon publishing, Amazon robotics, Amazon studios, audible, body labs, Amazon Web services, book depository, comiXology, good reads, graphiq, internet movie database (IMDB), ring, souq.com, twitch interactive, whole foods Market, woot, Zappos.
. Conclusion
Jeff Bezos started Amazon as an online book store, now it sells everything from A to Z. Amazon joined one trillion dollar club with Apple, Alphabet and Microsoft.
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