Amazon.com:

Background: Amazon.com, founded by Jeff Bezos, started in July 1994 as an online bookstore in Seattle, Washington. Jeff Bezos chose the name Amazon after the world’s largest river, aiming to make his store the world’s largest bookstore. The initial vision was to create a place where people could find and discover books more easily. However, Bezos soon realized the potential of e-commerce beyond books and expanded the product range to include electronics, clothing, and various other items.

Historical Timeline:

  • 1994: Amazon.com was officially launched in July, initially as an online bookstore.

  • 1995: The company expanded its product range, adding music and video.

  • 1997: Amazon went public with an initial public offering (IPO) at $18 per share.

  • 1998: Amazon further diversified by adding toys, electronics, and more. They also launched Amazon Marketplace, allowing third-party sellers to sell new or used products alongside Amazon’s offerings.

  • 2000s: Amazon continued to expand its offerings, introducing Amazon Prime (a subscription service offering free shipping and other benefits) in 2005.

  • 2010s: Amazon expanded its services globally, including Amazon Web Services (AWS), a cloud computing platform that has become a significant revenue generator for the company.

  • 2020s: Amazon’s business further flourished, with a focus on same-day or next-day delivery services, AI-driven technologies, and expansions into various industries, including healthcare and entertainment.

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