Difference between revisions of "Amazon in India"
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Revision as of 04:16, 26 January 2022
Contents
History
Jeff Bezos founded Amazon in his garage in Seattle after leaving his job in finance. Bezos set out to build the world's first online bookstore. In the first 30 days of the company, Amazon.com sold books in 46 different countries, and in two months reached $20,000 in sales per week[5]. The company went public in 1997 and raised $54 million, and within two years outgrew competitors despite analysts concerns. At the end of 1999, Amazon had shipped over 20 million items to over 150 countries. In 2000, Amazon changed the game by allowing independent sellers to sell items alongside Amazon's own listings[6]. In 2003, the company turned a profit for the first time. In 2007, Amazon released its Kindle e-reader. In 2011, released the Kindle Fire its tablet. Amazon created a cloud computing and video streaming service in 2006 and a studio that develops movies and TV shows in 2010. Finally, they created a fine art marketplace in 2013. Amazon made two of its biggest acquisitions when it Acquired Zappos and Whole Foods. In 2015, Amazon beat out Walmart as the world's most valuable retailer. When Amazon's market cap reached $250 billion, Jeff Bezos became the richest man in the world.
Jeff Bezos
Problems
References
- ↑ https://www.digitalcommerce360.com/article/amazon-sales/
- ↑ https://www.nytimes.com/2021/07/06/business/jeff-bezos-steps-down-as-amazons-ceo-handing-the-reins-to-andy-jassy.html
- ↑ https://www.reuters.com/investigates/special-report/amazon-india-operation/
- ↑ https://www.reuters.com/investigates/special-report/amazon-india-operation/
- ↑ https://www.biography.com/business-figure/jeff-bezos
- ↑ https://www.history.com/this-day-in-history/amazon-opens-for-business