Amazon.com Interesting facts

 

Amazon.com we all know about is the biggest online retail platform. You can see how much bigger is this company by looking the company financials. Company reported turnover of 469 billion US Dollars and net income of 33.36 billion dollars. Every company has some very interesting facts associated with them, we are hereby few of interesting facts about Amazon.com.

1.     The company was started by CEO Jeff Bezos in Year 1995- Initially it was selling only books on its platform. It was started from garage. Now it had started first offline bookstore in 2015 as they are not forgetting the scratch from they had started.

2.     The company was named after Amazon river as idea behind the name selection was that they had vast and wide selection of books just like water availability in world largest river.

3.     Initially company thought of a name as “Cadabra” which is similar to “Abra ka dabra “a magical word. But lawyer of the company told pronunciation of the same will be similar to “cadaver” which means The body of dead person. So they dropped the idea and now name change proven to be game changer for the company.

*Image Sources- Google Images

4.     Now company operations have become so much bigger that they have warehouses has total square foots greater than 700 Madison square garden. Madison Square garden is a multiple purpose indoor arena in New York city having area of 76000 square meters.

5.     Amazon.com has more than 40 subsidiaries naming as Amazon web services, Audible, A9.com, Diapers.com, IMDb, Kiva Systems, Amazon Maritime, Annapurna Labs, Shopbop, Teachstreet, Twitch, Zappos, Zoox, Audible.com, Beijing Century Joyo Courier services, Brilliance Audio, ComiXology, Createrspace, Eero, Goodreads, Junglee, Health Navigator, Lab126, Ring, Kuiper Systems, Whole food market etc.

6.     At Amazon there are 6000 dogs working at Seattle. There is always a pet friendly environment.

7.     There are few things which you can’t be able to buy at Amazon Guns, Liquor, Real estate, Pets, Cars, Fuel,  Lottery tickets, Tobacco, prescription eyeglasses.

8.     Amazon CEO Jeff Bezos has paid 38 billion dollars to her wife MacKenzie Bezos in Year 2019 as a divorce settlement.

9.     In year 1997 Amazon.com started selling Music CDs and DVDs and in early 2000s they started selling electronic items, toys, Magazine subscriptions, Kitchenware, apparels.

10.  We have seen success story of Amazon.com but there are also failures associated with Amazon.com which doesn’t click at all such as Fire phone, Destinations, Amazon Local register, TestDrive, Amazon Webpay, Endless.com, Askville etc.

11.  Amazon.com operates in 13 countries names of the same are India, China, France, Australia, Mexico, Spain, Japan, Ireland, Canada, Germany, Italy, Spain, United States and United Kingdom.

12.  Company headquarter is in Seattle, Washington. Headquarter was opened in year 1990.

13.  AWS is Amazon Web Services was started by Amazon in Year 2006 which offers IT Infrastructure services to businesses the form of web services. This is called now days as cloud computing. This platform provides hosting services for Data Storage, IT resources etc. Many of current apps we are using day to day are running on AWS. Few of them are Netflix, Airbnb, Spotify, Disney etc.

14.  AWS offers low overheads for start-ups and they can purchase the same from AWS whenever they are required as the company grows. The revenue of this platform in FY 2020-21 were about 62.2 billion dollars.

15.  Amazon CEO Jeff Bezos was only 30 years old when he started the Amazon.com. He has degree in Electrical Engineering and computer science. He started working in wall street in various fields from year 1986 to 1994.

16.  Amazon CEO Jeff Bezos earlier name was Jeffrey Preston Jorgensen. He was born in Albuquerque, New Mexico on 12^th January 1964. His parents name are Jacklyn and Theodore Jorgensen. When he was born her mother was only 17 years old and father was only 19 years old.

17.  CEO Jeff Bezos was designated was wealthiest person of world on 6^th March 2018 as per data released by Forbes with the wealth of 112 billion dollars.

18.  In Year 1997 Jeff Bezos take the company to Public i.e. get listing on Wall Street.