Reading Time: 6 minutes Stock Quote: Call it death by Jeff More than 25 years ago, the birth of one of the world’s largest online mega-shops, Amazon, heralded in a garage in the Seattle area at 10704 NE 28th Street in Bellevue, Washington. While, Amazon started as a small online bookstore, in the coming years, developed into an internationally …
Amazon Prime Day
The Prime Day was bigger than their Black Friday and Cyber Monday combined. However, still far away from the AliExpress Singles Day. Nevertheless, the company said that the 2019 Prime Day was the largest shopping event in its history.
Echo Alexa by Amazon
One of the latest significant innovation is certainly Amazon Echo in 2015, also known as, Alexa. Amazon Echo connects to the cloud-based Alexa Voice Service to play music, make calls, set alarms and timers, check calendars, weather, traffic and sports results, ask questions, manage to-do and shopping lists, operate compatible smart home devices and more.
Just ask Alexa for a song, artist or genre from Amazon Music, Spotify, TuneIn and more. With Multiroom Music, you can play music on your Echo devices in different rooms (Bluetooth is not supported). Echo can also play audiobooks, radio stations, news and more.
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We love Alexa, which we got using the Netgear Orbi Voice setup.
However, the rapidly expanding Bezos group had a hard time on the stock market for a long time due to chronic red figures. But since Bezos has been delivering reliable profits, Amazon became Wall Street’s darling. Thanks to the flourishing Internet trade and booming cloud services, as a result, the surplus grew year-on-year.
Cadabra or Amazon 1994
After all, the idea for Amazon got born as early as 1994. The computer scientist Jeff Bezos, just 30 years old, decided to create a sales platform on the Internet. Hence, initially for books, as the margin was right and, moreover, they were easy to ship.
As a consequence, Bezos quit his job in New York on Wall Street. He set up his new “office” in a garage in Seattle for his newly founded online platform. While he initially called it Cadabra.com, he finally decided to name the company Amazon. This after a call to his lawyer who misheard it as “cadaver”.
After its successful start, Amazon was indeed able to maintain its successful course. About a year after the sale of the first book, the company achieved a turnover of around 16 million dollars. In 1997, following a successful IPO (lead by Frank Quattrone), the results increased to a total of almost 150 million dollars. Speaking about this, Amazon now had enough capital for further expansion. For example, Bezos began building the first international websites in 1998 and making the company accessible in more and more markets.