Amazon is an American e-commerce company that was founded by Jeff Bezos on July 1994. Talking about the initial stage of the company, it started as an online bookstore, but as time progressed, it diversified its sale to other electronic gadgets. Its popularity can be determined by the fact that it is the world’s internet retailer in revenue generation. With over 244 million regular customers buying everything.
Here are some interesting and amazing facts about amazon.com — one of the largest online retailers in the world for more than 20 years.
Amazing Facts about Amazon.com
1. Amazon.com was founded by Jeff Bezos, in 1994.
Bezos left his well-paying job as Vice President of D.E. Shaw & Co., a Wall Street firm, and started working to grow and develop amazon.com. Initially, the company was called Cadabra which was later changed to Amazon. The company came to be widely recognized as amazon.com in 1995.
2. Amazon.com initially started as an online bookstore.
Only later did it start selling everything from DVDs to apparel and jewelry. Amazon could access books from Ingram within the first two months of business, Amazon had sold books to more than 50 states and 45 different countries.
3. Amazon doesn’t like typical corporate meetings
4. In 2013, Amazon suffered a loss of $4.8 million when the website crashed for 40 minutes.
5. Amazon has more visitors than Walmart and Apple combined.
Since 2008, amazon.com has attracted at least 615 million visitors annually, which is twice the number Walmart gets. In addition to this, Amazon attracts approximately 65 million customers to its US website per month.
6. Amazon’s logo, a smile from A to Z, depicts the company’s potential to sell anything to anyone anywhere in the world.
7. NUMBER OF EMPLOYEES and Income
According to the present-day scenario, Amazon has more than 1,608,000 (as of 2021) employees, and the increasing popularity shows no sign of descending the numbers.
Revenue is 17,000 crore USD (December 2023).
Net income: 1006 Crores USD (December 2023)
8. Amazon’s Vision
“Our vision is to be earth’s most customer-centric company; to build a place where people can come to find and discover anything they might want to buy online.”
9. Latest Amazon Hacks
If your order is below Rs 499, then Amazon charges you extra Rs 40. To make you free from the charge simply order more than Rs 499 and when your order is confirmed just cancel the unwanted one, you will get the product free of delivery charge. You guys can get lots of deals from coupon-buffer deals.
10. Amazon Web Service(AWS)
It started small. In 2006, Amazon launched two fairly simple services: computers you could rent by the hour, and computer storage you could rent by the hour. This became “cloud computing.”
When Amazon launched Amazon Web Services, it kept the rates low to avoid repeating “Steve Jobs’s mistake” of pricing the iPhone with a huge profit margin that very soon led to in influx of competition into the smartphone market.