Here are some interesting facts about amazon.com — one of the largest online retailers in the world for more than 20 years.
1. Amazon.com initially started as an online bookstore.
Only later did it start selling everything from DVDs to apparel and jewelry. Amazon was able to access books from Ingram and within the first two months of business, Amazon had sold books to more than 50 states and 45 different countries.
2. Amazon.com was founded by Jeff Bezos, in 1994.
Bezos left his well-paying job as Vice President of D.E. Shaw & Co., a Wall Street firm, and started working to grow and develop amazon.com. Initially, the company was called Cadabra which was later changed to Amazon. The company came to be widely recognized as amazon.com in 1995.
3. Barnes & Noble sued Amazon in 1997.
Challenging its claim of being “Earth’s biggest bookstore” as false, Barnes & Noble sued Amazon in May, 1997. Barnes & Noble actually declared that amazon.com isn’t a bookstore at all. It’s a book broker. This suit was later settled out-of-court and Amazon continued to use the slogan.
4. Amazon.com sold its first book in 1995.
The book was ‘Fluid Concepts & Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought’.
5. Amazon doesn’t like typical corporate meetings.
It is said that at Amazon, PowerPoint presentations are banned. Amazon employees start their day in office with a 30-minute reading session and thinking about topics critically.
6. At amazon.com, time is money.
In 2013, Amazon suffered a loss of $4.8 million when the website crashed for 40 minutes.
7. Bezos also founded a space travel company.
In addition to the giant website amazon.com, Bezos founded a space travel company called Blue Origin, a human spaceflight startup, in 2000. In 2013, Bezos ranks 4th on the Forbes list of billionaires.
8. Amazon has more visitors than Walmart and Apple combined.
Since 2008, amazon.com has attracted at least 615 million visitors annually, which is twice the number Walmart gets. In addition to this, Amazon attracts approximately 65 million customers to its US website per month.
9. Amazon’s logo, a smile from A to Z, depicts the company’s potential to sell anything to anyone anywhere in the world.
10. The company received flak for making its employees work at 38°C temperatures.
Both current and former employees reported that they were forced to work in 38°C (100°F) heat which resulted in dehydration. The doors of the office were not opened for fresh air to come in and they were also forced to work long hours. It has also been said that employees are encouraged to tear down each other’s ideas. It’s a dog-eat-dog environment in which only the truly competitive thrive.