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Transcript of AMAZON.COM
Amazon was founded in July 1995 by Jeff Bezos in Bellevue, Washington. It started out as an online book store and a way to give book buyers access to a simpler way to do their shopping. the store also included recordings and videos. Amazon headquarters soon became part of Bezos' small, two-bedroom home.
Amazon's current logo was designed to depict a smile going from A to Z. There are 7,800 employees working at Amazon and have some goals to become, like many former workers, and start their own successful businesses. Amazon believes that their success depends on its ability to attract, hire and retain qualified personnel.
Amazon has grown to now cover a wide variety of products including electronics, clothing and kitchen products. Amazon is well known for fast shipping, its kindle, which was originally called “Fiona”, and for selling virtually anything online.
Amazon now serves 137 million customers a week and if amazon was a country the population, being active users, would be twice the size of Canada’s. As the company grew, employees were expected to work no less than 60 hours per week. Amazon owns 10% of North American E-Commerce. Office Depot, Staples, Apple, Dell, Walmart, Sears and Liberty all own another 10% of the market. Last year when the Amazon website went down for 49 minutes, the company missed sales of almost $5.7 million.
. Amazon has showed it is possible to start small, an online book store in a two-bedroom home, to an online store that ships all over the world and sells pretty much everything you can imagine. Even though Bezos leads a company that generates $61.1 billion in revenues, he only earns $81, 840 in stock a year. He is still the thirteenth richest person in the world because he owns the most stock at Amazon.
Amazons goal is to keep their customers satisfied and make their online shopping experience educational and inspiring. Also, they have a goal of offering the world's biggest selection and to be the most customer- centric company where they can find anything they need.
Amazon once listed a book about flies for $23,698,655.93.
There was a programming error in the early days that allowed customers to trick Amazon into sending them money.
In 2000 Amazon opened e-book stores with books from Audible inc. and e-books in Microsoft reader format.
Amazons customers spend 5x more than eBay’s customers, Amazons bring in about $189 while eBay’s bring in about $39.
Amazon has contributed socially by making people happy due to their never ending choices of supplies and giving them a helpful and educational atmosphere.
Amazon has contributed to Washington economically by keeping stock rates up and low prices. Also Amazon's success inspired employees to start their own businesses to contribute to our economy. Amazon employs thousands of people who spend money in our economy.
In Amazons early days, a bell would ring each time a purchase was made. Amazons first purchaser was a guy named John Wainwright, he bought a book called "Fluid Concepts & Creative Analogies: Computer Models of The Fundamental Mechanisms of thought.
In Amazons first month online the company sold books in all 50 states and in over 40 foreign countries. Amazons name was going to be Cadabra.com (as in abracadabra) but was soon abandoned in favor of, none other than, Amazon.com.
Amazon has grown from a garage to its warehouses having more square footage than 700 Madison Square Gardens. Warehouse workers regularly walk up to 11 miles each day
In 1997, Amazon claimed to be “Earth’s Largest Bookstore” and was sued by Barnes & Noble who said that their slogan was false. But look at Amazon now, a company everyone knows the name of, while Barnes & Noble is still, well, Barnes & Noble. Every two years Amazon employees have to spend two days at customer service, including the CEO. This ensures all employees get to interact with customers.
More Fun Facts
Bezos thought ‘Relentless’ was a good company name.
Amazon once listed a cd-ROM for $2,904,980,000.
Amazons s3 platform could store 82 books for every person on Earth.
Amazon is now using robots to assist in retrieving items.
On May 28, 2015, Amazon released ‘Same-day shipping’, for prime members only, to select cities including Baltimore, Seattle, Atlanta, LA and New York.