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In 2009, Zappos announced an acquisition by Amazon. [18] Within Zappos’ board of directors, two of the five—Hsieh and Alfred Lin—were primarily concerned with maintaining Zappos company culture, whereas the other three wanted to maximize profits in a down economy. [8]
Amazon logo The Amazon Spheres, part of the Amazon headquarters campus in Seattle. Amazon.com, Inc. is an American technology company 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]
Amazon, an innovative company by many measures, said this afternoon that it would acquire Zappos.com, the online shoe retailer known for its outstanding customer service.
On July 22, 2009, Amazon announced the acquisition of Zappos.com in a deal valued at approximately $1.2 billion. [29] Hsieh is said to have made at least $214 million from the sale, not including money made through his former investment firm Venture Frogs. [30] [31] On August 24, 2020, Hsieh retired as the CEO of Zappos after 21 years at the ...
Lots of people are saying that Amazon (AMZN) CEO Jeff Bezos got a great deal when the online e-tailer purchased Tony Hsieh's online shoe company Zappos.com in an $847 million cash and stock deal ...
CEO Jeff Bezos previously bought shoe and apparel e-tailer Zappos.com for $1.2 billion. With Amazon stock pumped up at $170 -- close to 52-week highs -- the company has plenty of dry powder for ...
Nick Swinmurn is the founder of Zappos. He started the company in 1999. He started the company in 1999. He left in 2006, before it reached $1 billion sales in 2008, and was sold to Amazon in 2009.
Jeff Bezos is one of the most recognized entrepreneurs in the world. His climb from starting an online bookstore out of his garage to running a global retail empire that earned him the title of the...