Amazon's historical beginning

Amazon


Amazon was founded in 1994 by Jeff Bezos. And then began working on a business plan that resulted in the company "Amazon Com".

Jeff Bezos started the company on July 5, 1994 AD, and named it "Cadbra" A year later, Bezos changed the company's name to Amazon.

 In September of 1994, Jeff bought the web domain (Relentless.com) and decided for a short time to name his online store Relentless, but some friends pointed out that the name was somewhat evil.

As of now, the network domain (retentless.com) is still owned by Bezos and redirects the user to the Amazon store.

The company's website was launched in 1995 in the name of Amazon (Amazon.com), after searching in dictionaries, Bezos chose this name because it is interesting and different, as he planned for his store to be, and he learned the Amazon River is the largest river in the world consistent with his goal to be His store is the largest store in the world.

Amazon logo

The Amazon logo appeared as an arrow resembling the shape of a smile, extending from the letter "A" to "Z".

That is, it includes everything from A to Z.

After reading the Future of the Internet report, he predicted e-commerce will grow at an annual rate of 2300%. Bezos put 20 products that can be marketed on the Internet and then shortened the list to five, which looks promising. 

Bezos decided that his new venture would be in the field of selling books on the Internet due to the great demand around the world for literary books.

Amazon was founded in 1994 in Washington state, and in July 1995, the company began its service with the sale of its first book on its site: Fluid Concepts's Douglas Hofstadter and Creative Analogies: Computer Models for the Fundamental Mechanisms of Thought. Founded in 1996 AD in the state of Delaware.

Amazon shares were listed on the stock market for the first time on May 15, 1997, for trading on the Nasdaq Stock Market under the name AMZN at $18 per share, $50.1 after splitting into three shares in the late 1990.

Amazon's initial business plan was unusual; She did not expect to turn a profit for four to five years.

The company's slow growth is a source of long-term shareholder protest.

When the Internet started at the turn of the century, smashing a lot of electronic businesses with it, Amazon survived and grew and outpaced those bills, ready to take on the planes in electronic sales.

And finally, its first earnings in the first quarter of 2001, which amounted to 5 million per share, wad on revenues of more than one billion. Unconventional business model.

In 1999, Time magazine named Bezos "Man of the Year", publishing e-commerce and making it popular.

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