This is the Amazon Wiki Internal, Amazon being a company originally from the USA, its main market is electronic commerce along with cloud computing services.
It is headquartered in the city of Seattle in the U.S. state of Washington. Amazon was one of the first companies to offer and sell goods on the internet on a large scale and its motto is "From A to Z"
In this way, this company can offer the specific products of each of these countries. In other countries where Amazon is also present, performs support functions, as is the case of Costa Rica, as it is there from where centralizes your attention to the customers all over Latin America being one of the largest companies in this country to have a template of nothing less than 7,500 employees.
Amazon is the largest online retail company in the world, where you can find anything you need because it is very sure that someone is selling it.
The Amazon company was founded in 1994 by Jeff Bezos after leaving his previous job as vice president of D. E. Shaw & Co. that same year, that company was a major Wall Street firm.
Amazon Wiki Internal
After his resignation, Bezos decided to move to Seattle and it was there that he began the structuring of a specialized business plan through the Internet, which eventually became what we all now known as the company Amazon.com
The founder of Amazon, being a Wall Street expert, after reading a report analysing the internet market and its future, discovered that an annual growth of 2,300% was projected in web commerce.
After knowing this, he decided to create a small list of the products that he thought would sell very fast and very easy to be marketed through the internet you get a list of only 20 products but this was still a very long list and continued working on it to slow it down to 5 possible products with success to the business that was looking for.
In the end, after an exhaustive search and selection he decided that the perfect business model for what he was looking for would be books since the worldwide demand for literature was enormous.
This decision was a complete success thanks to the low prices of the books it offered added to the vast number of literary titles it had in stock.
The Amazon Wiki Internal achievements
The Amazon bookstore managed to achieve such success that only in the first two months of life.
The business sold to more than forty-five different countries including the United States. Sales were up to $ 20,000 a week.
The interesting thing is that Amazon was not really called that since its origins, it had several names for varied reasons before Jeff Bezos arrived at the one, we all currently recognize without hesitation.
When Bezos created the company in 1994, he created it under the name "Calabar" but had to change this name after a lawyer confused it with "cadaver", in that same year, he acquired the domain URL “Relentless.com” so the company had for a not very long period of time (no more than a year) that name online but the friends of the founder convinced him that such a name was not so suitable or striking for his company since it sounded, according to it, somewhat sinister so Bezos, taking the word of a dictionary, he decided to go for the name Amazon.
Jeff Bezos chose that name because the Amazon is a huge, exotic, and quite different place to what is known to man and he wanted his store to fit that description as well, the largest river in the world is the Amazon River and he wanted his store to be the largest online store in the world.
As we have already mentioned, Amazon was created in the year of 1994, in the state of Washington, the company sells its first book in the year of 1995, by October 1995, Amazon is announced to the public.
Amazon Wiki Internal 1996 history
In 1996, he decided to re-join Delaware.
Amazon launched its initial public offering of shares on May 15, 1997, and while trading under the NASDAQ stock exchange symbol AMZN, the company's shares at that time were being offered at a price of $ 18 per share.
The business plan that Amazon decided to bet on at first was completely unusual and unexpected. The company did not expect to make profits until four or five years later and because of this type of "slow" growth, shareholders began to complain that the company was not reaching profitability fast enough to justify its investment and even that it was not fit to survive in the long term.
Amazon survived the turn of the century and all the problems it represented, growing into a huge website in online sales.
In the end, it made its first profit in the fourth quarter of 2001 of $ 5 million, which means that the share price was at $ 1 cent, with revenues easily exceeding $ 1 billion.
When this small but encouraging profit margin began to be seen, it showed sceptics that Jeff's unconventional business model could bode well for success. This is the forefront of the Amazon Wiki Internal.
For the year 1999, Time magazine recognized Jeff Bezos as the person of the year, recognizing the company's remarkable success.