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Introduction of Amazon

Amazon was founded in 1995 by Jeff Bezos and launched as an online bookstore. It set itself apart from competitors by offering discounts up to 30%, allowing customer reviews, and making the ordering process easy through technological features. Amazon is now the world's largest online marketplace and cloud computing platform, generating the most revenue of any internet company globally. It is also the second largest private employer in the United States.

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Krishna Vishwakarma
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3K views1 page

Introduction of Amazon

Amazon was founded in 1995 by Jeff Bezos and launched as an online bookstore. It set itself apart from competitors by offering discounts up to 30%, allowing customer reviews, and making the ordering process easy through technological features. Amazon is now the world's largest online marketplace and cloud computing platform, generating the most revenue of any internet company globally. It is also the second largest private employer in the United States.

Uploaded by

Krishna Vishwakarma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Introduction of Amazon.

Amazon was founded by Jeff Bezos. Prior to starting Amazon, Bezos


worked in New York as a vice president at D. E. Shaw & Co., a global
investment management firm, but decided to quit his job and move to
Seattle to take advantage of the incredible growth of the Internet. The
Amazon website launched on July16, 1995.
Amazon began as an online bookstore, but the company had innovative
strategies that set it apart from competitors. It offered discounts up to 30%,
allowed customers to post their own book reviews on its website, and
continually worked to improve the ease of placing orders with technological
features like, “1-Click” shopping. These strategies derived from Amazon’s
customer-focused mission statement.

Amazon is known for its disruption of well-established industries through


technological innovation and mass scale. It is the world's largest online
marketplace, AI assistant provider, and cloud computing platform as
measured by revenue and market capitalization. Amazon is the largest
Internet company by revenue in the world. It is the second largest private
employer in the United State and one of the world's most valuable
companies.

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