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Amazon was Created
Shortly after Jeff Bezos left his job at D.E. Shaw & Company he Founded Amazon. Bezos envisioned an online bookstore and founded Amazon in Washington. Bezos picked Seattle because he took Washingtons small population into account and knew he wouldn't have to charge sales taxes to most of his customers. -
Amazon bookseller
Amazon finally went live as a bookseller and the company kept improving and getting more buyers. -
Amazon shares go live
Amazon went public starting at $18 dollars per share. Amazon expected loss in stock since it was heavily invested in Technology and new Marketing ways to better opponents. -
Music
Amazon started stocking in music and ended up provide more than 140,000 different CDs. -
Amazon Expansion
Amazon finally started to expand and ended up stocking electronics, toys, home and kitchen goods, software and video games. -
Marketplace
Amazon expanded once again and this time they introduced a marketplace. If you wanted your product to be listed on Amazon you would have to pay them first. -
Clothing
Amazon started selling clothing for over 400 companies on their online store. -
Web Hosting Business
Amazon started to acquire more income by licensing its platform to other online selling services. -
Prime Membership
Amazon dropped a Prime membership deal which offered quicker shipping for products if you pay an annual fee. -
Audible
Amazon purchased the audiobooks company Audible for $300 Million. They acquired Audible two months after Amazon dropped the Kindle. -
Smartphone
Amazon releases their first smartphone called the Fire Smartphone. The phone did horrible so they didn't release another. -
Twitch
Amazon purchased the dominate video games streaming service Twitch for $970 Million. -
The Echo
Amazon released their first "smart speaker". Alexa is the virtual personal assistant which you can ask questions to for an answer. -
$1 Trillion
Amazon is the second company worldwide to hit $1 trillion, right behind Apple that hit the mark earlier in the year. -
Minimum Wage
Amazon raised the companies minimum wage to $15 an hour.
