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On July 5, 1994, Bezos initially incorporated the company in Washington state with the name Cadabra, Inc. [7] After a few months, he changed the name to Amazon.com, Inc, because a lawyer misheard its original name as "cadaver". [8]
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]
Amazon was one of the first to offer an online membership like Amazon Prime that gave consumers free shipping, incentivizing people to do more of their shopping at Amazon. According to Texas A&M ...
In 1994, Jeff Bezos founded Amazon in his garage in Seattle. On Jan. 12, he celebrated his 57th birthday as one of the richest people in the world with a personal fortune estimated at more than ...
The decision to change the name came in late 2020 after years of urging from Native American groups that said the team moniker and Chief Wahoo mascot were stereotypical at best and harmful at worst.
In addition, he regarded "Amazon," the name of the world's largest river as fitting for what he hoped would become the world's largest online bookstore. [54] He accepted an estimated $300,000 from his parents as an investment in Amazon. [50] [55] [56] He warned many early investors that there was a 70% chance that Amazon would fail or go ...
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The funds gained from the IPO allowed Amazon to grow quickly, making its first three acquisitions on April 27, 1998, less than a year after the company had gone public. [2] After the dot-com bubble burst on March 11, 2000, several companies that Amazon had invested in went bankrupt, with Amazon's stock price itself sinking to record lows. [3]