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Back in the 90s, Jeff Bezos went on record as hoping his employees would wake up on the wrong side of the bed—for the greater good, or for the customer at the very least.
Bezos finally decided that his new business would sell books online, because of the large worldwide demand for literature, the low unit price for books, and the huge number of titles available in print. [12] Amazon was founded in the garage of Bezos' rented home in Bellevue. [9] [13] [14] Bezos' parents invested almost $246,000 in the start-up ...
By focusing on developing businesses as diverse as selling pet supplies and providing cloud computing services, Amazon.com has rapidly grown revenue at an astounding rate and is 4 Basic Reasons ...
Amazon.com, Inc., [1] doing business as Amazon (/ ˈ æ m ə z ɒ n /, AM-ə-zon; UK also / ˈ æ m ə z ə n /, AM-ə-zən), is an American multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. [5]
However, just months later in October 2016, his wealth increased by $16.2 billion to $66.5 billion, unofficially ranking him the third-richest person in the world, behind Warren Buffett. [212] After sporadic jumps in Amazon's share price, in July 2017 he briefly unseated Microsoft co-founder Bill Gates as the wealthiest person in the world. [213]
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In August 2020, Jeff Bezos went where no rich guy had gone before when his net worth passed the $200 billion mark, the first in billionaire history. Although his personal fortune is now down to ...
The disruptive effect of e-commerce on the global retail industry has been referred to as the Amazon Effect: the term refers to Amazon.com's dominant role in the e-commerce market place and its leading role in driving the disruptive impact on the retail market [1] and its supply chain.
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