Amazon.com
Amazon.com
Amazon.com, Inc. is one of the largest e-commerce companies worldwide [1]. The company is also known for its product line of Amazon Kindle e-book reader, Amazon Kindle Fire tablets, Amazon Web Services cloud computing services, and Amazon Mechanical Turk online marketplace for work. Jeff Bezos founded Amazon.com in 1995 in Seattle, Washington [[2]]. Originally, Amazon.com sold a wide array of books, but eventually, it expanded its inventory to products, including CD's, DVD's, electronics, apparel, and almost any other good [[3]].
History
Jeff Bezos conceptualized Amazon.com in 1994 while working at D.E. Shaw, a global investment management corporation. After weighing the pros and cons through a process he described as "regret minimization" he decided to leave D.E. Shaw in order to pursue founding an online book selling company. Bezos believed e-commerce would become a very profitable business because a Supreme Court had recently decided online sales are not taxable. In addition, he believed online sales would follow a long-tail distribution, allowing Amazon.com to sell and carry books that would not be economical for a physical store to carry.
Topic claimed by Desmond Kolean-Burley.
Sources:
