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Amazon announced that e-book sales for its Kindle reader outnumbered sales of hardcover books for the first time ever. [115] 2011: January: Acquisitions, International: Amazon acquires Lovefilm, a DVD rental service known as the Netflix of Europe. [116] 2011: February 16: Competition: Borders Group, outcompeted by Amazon, applies for Chapter 11 ...
Amazon Maritime, Inc. holds a Federal Maritime Commission license to operate as a non-vessel-owning common carrier (NVOCC), which enables the company to manage its shipments from China into the United States. [121] Amazon Pharmacy is an online delivery service dedicated to prescription drugs, launched in November 2020. The service provides ...
Amazon logo The Amazon Spheres, part of the Amazon headquarters campus in Seattle. Amazon.com, Inc. is an American conglomerate headquartered in Seattle, Washington.Founded by Jeff Bezos on July 5, 1994, as an online bookstore, Amazon went public after an initial public offering on May 15, 1997, during the midst of the dot-com bubble. [1]
Happy Friday. This is Fortune tech correspondent Jason Del Rey.. At Amazon's founding 30 years ago today, its name wasn’t even Amazon. It was Cadabra—short for abracadabra. As in magic.
In 2002, Bezos led Amazon to launch Amazon Web Services, which compiled data from weather channels and website traffic. [56] In late 2002, rapid spending from Amazon caused it financial distress when revenues stagnated. [63] After the company nearly went bankrupt, he closed distribution centers and laid off 14% of the Amazon workforce. [62]
Amazon has fought to get its workers back in the office for almost two years. In February 2023, it announced plans to require most office workers to show up in-person three days a week.
Stephanie Ramos was laid off from Amazon in 2023. She was excited to be rehired the following year but soon realized the company had changed.
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