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Amazon |
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The Amazon.com, Inc. is one of the most popular mass merchants and department stores sites in the World Wide Web today. The Amazon is an American company doing e-commerce business. The company is located in Seattle, Washington. The Amazon was one of the first companies which started internet trade selling goods online. The amazon.com online became one an iconic stock during the late 1990s. Initially the business model of Amazon was confronted with a lot of skepticism but with its huge profit in 2003, it became one of the most popular.
The founder of Amazon was Jeff Bezos. The company was founded in 1994 and it was launched in the following year. Amazon.com started off its online business as an online bookstore. However it soon broadened its horizon and diversified its lines of products. To its list, the company also added DVDs, music CDs, VHSs, MP3s and various kinds of computer software. They also began selling video games, electronics items. Their product rang also included apparel, toys, furniture, food and much more.
The Amazon online store has come up with individual websites in the United Kingdom, Canada, Austria, Germany, France, Japan and China. The company offers global shipping facilities on selected items. Initially when the company began to function as an online bookstore it was called Cadabra.com. However Jeff Bezos quickly dropped the name since it sounded like “cadaver”. The online stores sold books more than the normal street shops and that is where the Amazon was the winner. The company was named Amazon after the Amazon river which is considered the most voluminous river in the world.
Since the year 2000 the logo of Amazon features an arrow which leads from A to Z and this indicates that the company wishes to sell different kinds of products. The company began to offer its services since the July of 1995. The company was reincorporated in Delaware in the year 1996. The first book that was sold by Amazon.com was Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought written by Douglas Hofstadter. The Amazon traded on NASDAQ stock exchange with the symbol AMZN. In the 1990s the company was growing at a steady pace whereas the other companies made remarkable progress. With the burst of the Dot-com bubble many companies sank while Amazon persevered and started making huge profits. The Time Magazine honored Jeff Bezos as the 1999 Person of the Year for the huge success of the company in online sales.
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