जब जेफ बेजोस ने Amazon की नींव डाली , ऐसे शुरू हुई इस कंपनी की कहानी – how amazon started jeff bezos garage startup history july 5 facts tstsd
On July 5, 1994, Princeton graduate and entrepreneur Jeff Bezos founded Cadabra – a modified form of the magic word ‘abracadabra’ – initially as an online bookstore operating out of his garage in Bellevue, Washington. Bezos later changed its name to Amazon and his site became a global retail giant. An online omnibus that generates millions of dollars in sales annually.
Amazon In 1995, Amazon made its debut on the World Wide Web, which was in its early stages at that time. Two years later, Amazon released its IPO. In 1999, Amazon expanded beyond selling books to also selling music and videos. Then, in 2000, Amazon opened the website to third-party sellers.
In 2006, Amazon Web Services (which will provide the majority of Amazon’s operating profits by 2024) was launched to provide cloud computing services. Other accomplishments of Amazon include the introduction of Amazon Prime in 2005, a subscription service with free and fast shipping.
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In 2007, Amazon launched the first Kindle e-reader. Amazon continued its massive expansion and acquired other companies, including grocery chain Whole Foods, which it purchased for $13.7 billion in 2017. In 2021, Bezos resigned from the post of CEO and took over the post of Executive Chairman of Amazon.
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In a 2013 interview, Bezos said about Amazon’s success – At Amazon, we have had three big ideas that we have stuck to for 18 years and that is the reason for our success – putting the customer first, innovation and patience.
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