Amazon's Humble Beginnings
Amazon, the world's largest online marketplace, was founded in 1994 by Jeff Bezos in Seattle, Washington, USA.
Initial Plans
Bezos initially started Amazon as an online bookstore, with the name 'Cadabra,' but later changed it to 'Amazon' due to the confusion with 'cadaver.'
Early Growth
Amazon quickly expanded its product offerings beyond books to include CDs, videos, and software. In 1997, the company went public, raising $54 million in its initial public offering (IPO).
Key Milestones:
- 1994: Amazon founded by Jeff Bezos
- 1997: Amazon goes public
- 2007: Amazon introduces the Kindle e-reader
- 2011: Amazon surpasses Wal-Mart as the world's largest retailer
Today, Amazon is a multinational technology company that has disrupted the retail industry, providing a platform for businesses and individuals to sell their products to millions of customers worldwide.