Saturday, December 20, 2014

Technology News: History of Amazon.com up 2000 year



History of Amazon.com

 Amazon is the largest  internet-based  e- commerce website in America with headquarters in Seattle, Washington .It is the separate retail website for United States, 
UK &Ireland,Germany,Canada,France,Brazil,Japan,Spain,Italy,Netherlands,Australia,China,Indian,Mexico with employees 132,600 (June 2014) the revenue is US$74.45 billion(2013),Operating income US$ 745.00 million(2013),net income US$274 million(2013), Total Assest US$ 40.25 (2013) and Total equity US$ 9.74 billion(2013). And the Alexa rank is 8(September 2014).


    The CEO of Amazon : Jeff Bezos  


First selling

First the  Amazon start selling book store, but soon it starts the selling theCDs,videos,MP3,DVDs,software,vido games,etc. The company was founded in 1994 by Jeff Bezos as Cadabra.com after it changed as Amazon.com in 1995.Actually the Cadabra.com sound too much like cadaver. So he preferred to Put name as  the starting latter with “A” and it would occur at the top level of any list so Bezos after long research in dictionary , he decided to put the name as Amazon .The Amazon was incorporate in 1994 but in 1995 the company began service and sold its first book on Amazon .com.

Key Dates

1996-  It was reincorporated in Delaware.
 1997- Trading under the NASDQ stock exchange symbol AMZN,at the price of US$18.00 /share          1998 -Amazon enters the video business and online music ,Companies areacquired in the  Germany and  UK.
1999- The Time Magazine’s declared as the “Person of The Year”. Amazon starts selling the toys, tools, hardware and electronics .
 2000 -The compsny reports the first net profit during the fourth quarter .

 2001-Company reported a net loss of $149 million for the year,an improvement from the $567 million loss

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