From the mouth

Amazon is the largest Internet company, the world leader in the sale of electronics and video games, as well as household goods, cosmetics and clothing. Today we will get to know this company in more detail.

Amazon is the “owner of the world.” It was founded in 1994 in Seattle, Washington, by two friends, Jeff Bezos and Dean Baum. The company's early years were successful, and by 2005 its market capitalization exceeded $10 billion. By this time, the founders managed to attract large investors and sell the startup to Walmart for 30 times more than they bought it for. Up to this point, the company's assets were estimated at $15 million. A year later, the company raised funds to purchase hundreds of warehouses. At this time, the staff employed 50 people; a year later the number of employees increased to 600 people. In 2011, the book sales business was booming (a quarter of the company's revenue) - demand had increased so much that supply could not keep up with demand due to the small number of books. The purchase of the Kirkus online store made it possible to replenish supplies without going on strike by employees every time. Growing scale