These following facts about Amazon should probably give you much information about this company. Amazon is an American electronic commerce company with headquarters in Seattle, Washington. It is the largest Internet-based retailer in the United States. Amazon started as an online bookstore, but soon diversified, selling DVDs, VHSs, CDs, video and MP3 downloads/streaming, software, video games, electronics, apparel, furniture, food, toys, and jewelry. The company also produces consumer electronics —notably, Amazon Kindle e-book readers, Fire tablets, Fire TV and Fire Phone— and is a major provider of cloud computing services. Customers love shopping through Amazon.
Facts about Amazon 1: The Founder – Jeff Bezos
Jeffrey Preston -Jeff Bezos- (January 12, 1964) is an American business magnate and investor. He is a technology entrepreneur who has played a key role in the growth of e-commerce as the founder and CEO of Amazon companies. Under his guidance, Amazon.com became the largest retailer on the World Wide Web and a top model for Internet sales. In 2013, Bezos purchased The Washington Post newspaper. As of October 2014, Bezos’s personal wealth is estimated to be US$27.6 billion, ranking him number 21 on the Forbes list of billionaires.
Facts about Amazon 2: History
The company was founded in 1994. In 1994, Bezos left his employment as vice-president of D. E. Shaw & Co., a Wall Street firm, and moved to Seattle. He began to work on a business plan for what would eventually become Amazon.com. After reading a report about the future of the Internet which projected annual Web commerce growth at 2,300%, Bezos created a list of 20 products which could be marketed online. He narrowed the list to what he felt were the five most promising products which included: compact discs, computer hardware, computer software, videos, and books. Bezos finally decided that his new business would sell books online, due to the large world-wide demand for literature, the low price points for books, along with the huge number of titles available in print. Amazon was originally founded in Bezos’ garage in Bellevue, Washington.
Facts about Amazon 3: The Name
Jeff Bezos incorporated the company as “Cadabra” on July 5, 1994 and the site went online as Amazon.com in 1995. Bezos changed the name cadabra.com to amazon.com because it sounded too much like cadaver. Additionally, a name beginning with “A” was preferential due to the probability it would occur at the top of any list that was alphabetized. Bezos selected the name Amazon by looking through the dictionary, and settled on “Amazon” because it was a place that was “exotic and different” just as he planned for his store to be; the Amazon river, he noted was by far the “biggest” river in the world, and he planned to make his store the biggest in the world.
Facts about Amazon 4: Locations
The company’s global headquarters are in 14 buildings in Seattle’s South Lake Union neighborhood. The European headquarters are in Luxembourg’s capital, Luxembourg City. In Seattle, as of 2012, a three-tower headquarters near Amazon’s existing buildings with a capacity of 12,000 employees is under construction. Besides, Amazon.com also have several software development centers, customer services centers, fulfillment and warehousing, also brick-and-mortar store around the world.
Facts about Amazon 5: Product and Services
Amazon product lines include several media (books, DVDs, music CDs, software, videotapes, and software), apparel, baby products, consumer electronics, beauty products, gourmet food, groceries, health and personal-care items, industrial & scientific supplies, kitchen items, jewelry and watches, lawn and garden items, musical instruments, sporting goods, tools, automotive items and toys & games. Other than the retail goods, Amazon also provide services such as : consumer electronics, digital content, Amazon Games, Amazon Art, Amazon Instant Video, Amazon Prime, private labels and exclusive marketing arrangements, computing services, content production, donations, Amazon Local, Amazon Wireless, Amazon Fresh and Amazon Prime Pantry, Amazon Prime Air, Prime Now, Amazon Supply, also many other services.
Facts about Amazon 6: Companies
Amazon also own several companies under their own brands : Audible.com, Brilliance Audio, ComiXology, Goodreads, Shelfari. Audible.com is a seller and producer of spoken audio entertainment, information, and educational programming on the Internet. Brilliance Audio is an audiobook publisher founded in 1984. ComiXology is a cloud-based digital comics platform with over 200 million comic downloads as of September 2013. Goodreads is a “social cataloging” website founded in December 2006 and launched in January 2007. Shelfari is a social cataloging website for books.
Facts about Amazon 7: The Website – Amazon.com
The domain amazon.com attracted at least 615 million visitors annually by 2008, twice the number of Walmart. Amazon attracts approximately 65 million customers to its US website per month. The company has also invested heavily on a massive amount of server capacity for its website, especially to handle the excessive traffic during the December Christmas holiday season. Results generated by Amazon’s search engine are partly determined by promotional fees.
Facts about Amazon 8: The Technology
Customer Relationship Management (CRM) and Information Management (IM) support Amazon’s business strategy. The core technology that keeps Amazon running is Linux-based. As of 2005, Amazon had the world’s three largest Linux databases, with capacities of 7.8 TB, 18.5 TB, and 24.7 TB. The central data warehouse of Amazon is made of 28 Hewlett Packard servers with four CPUs per node running Oracle database software. Amazon’s technology architecture handles millions of back-end operations every day, as well as queries from more than half a million third-party sellers. With hundreds of thousands of people sending their credit card numbers to Amazon’s servers everyday, security becomes a major concern. Amazon employs Netscape Secure Commerce Server using the Secure Socket Layer protocol which stores all credit card details in a separate database.
Facts about Amazon 9: Controversies
Since its founding, the website Amazon.com has attracted criticism and controversy from multiple sources, where the ethics of certain business practices and policies have been drawn into question. Amazon has faced numerous allegations of anti-competitive or monopolistic behaviour, both in and out of court. This includes documented instances of price differentiation, enforcement of controversial patents against competitors, attempts to prevent discounted direct selling by publishers, and a declared intention to cease working with third-party print on demand services in favour of its own.
Facts about Amazon 10: Revenue
Over the 2000-2010 decade, Amazon has developed a customer base of around 30 million people. Amazon.com is primarily a retail site with a sales revenue model. Amazon makes its money by taking a small percentage of the sale price of each item that is sold through its website. Amazon also allows companies to advertise their products by paying to be listed as featured products.
Hope you would find those Amazon facts really interesting, useful and helpful for your additional reading.