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Phumbhra and Rashid rebranded, launching Chegg, Inc. in December 2007, with Rashid as CEO. After ending services unrelated to renting and purchasing textbooks, [5] the company adjusted its business model to reflect that of Netflix's rental-based model, concentrating on renting textbooks to students, [6] [9] and Chegg expanded to a national ...
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Kindle Direct Publishing (KDP) was in open beta testing in late 2007. [1] In a December 5, 2009 interview with The New York Times, Amazon CEO Jeff Bezos revealed that Amazon keeps 65% of the revenue from all e-book sales for the Kindle. [3]
Amazon announced in September 2013 that it would launch Kindle MatchBook in October 2013, a similar service for books allowing customers who buy books from Amazon to acquire an e-book copy for free, or at a discounted price of US$3 or less. [54] MatchBook was launched on the company's site on October 29, 2013. [55] [56]
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Jeff Bezos gave himself a salary of just over $80,000 at Amazon, he revealed to The New York Times.But he was able to make much more off of his stock holdings. Currently worth $246 billion, Jeff ...
During the 1999 Christmas season, Amazon leased the rights to a defunct imprint called Weathervane. This was Amazon's first attempt at publishing. [27] The titles included Christmas recipe books and others without much market appeal, they were the "creatures from the black lagoon of the remainder table" according to a former employee James Marcus. [27]
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