What Are Major Changes From 2013 In Amazon
Amazon is born – July 5
Amazon is born
July v
Jeff Bezos and his married woman MacKenzie open an online bookstore in Seattle because of the city'southward reputation as a tech hub and because Washington's pocket-size population meant that they wouldn't have to accuse sales taxes to most of their customer base. Bezos finances the company with $x,000 from his own pocket. He and the small staff spend their early on days working in his garage on desks made out of doors purchased from Home Depot.
Amazon goes public – May 15
Amazon goes public
May xv
Amazon goes public at $18 per share, giving information technology a valuation of $300 meg. In its filing, the visitor warns investors that it expects to report "substantial operating losses for the foreseeable future," due to heavy investments in technology and marketing as it seeks to beat back tough competition from bookselling behemothic Barnes & Noble.
*After adjusting for three subsequent stock splits, the closing cost of Amazon'due south shares on their first mean solar day of trading was $1.96.
A second distribution facility opens – November 18
A second distribution facility opens
November 18
Every bit need increases, Amazon opens a second distribution eye in New Castle, Delaware, in order to serve customers on the East Coast. The 200,000-square foot facility is the showtime of a network that will eventually touch almost every state in the nation.
Amazon expands into music – June 11
Amazon expands into music
June 11
Amazon expands its offerings and starts selling CDs and DVDs. The music section launched with 125,000 titles — far more than the boilerplate physical music store — and allowed shoppers to listen to song clips besides equally view recommendations matched to their mood.
Amazon secures "1-Click" patent – September 28
Amazon secures "1-Click" patent
September 28
Amazon patents the power to buy an item online with the click of a mouse. Called i-Click, the engineering science gives the company an early reward past prompting customers to buy more than and allowing the visitor to collect their data. Amazon would later sue Barnes & Noble for infringement, forcing other websites to license the applied science until the patent expired in 2017.
Amazon launches 3rd party seller marketplace – September 30
Amazon launches tertiary political party seller marketplace
September 30
Originally bandage as a way for shoppers to discover rare and collectible books and other specialty items, Amazon allows tertiary-party sellers to hawk used merchandise in what it called zShops (now known as the Market). That sparks a huge increase in the book of transactions on Amazon.com. Over the first 4 months, a quarter of a one thousand thousand customers bought something using the service.
Amazon takes a hit afterwards dot-com bubble bursts – December 10
Amazon takes a hit after dot-com chimera bursts
December 10
Although it would survive the dot-com crash, Amazon wasn't totally immune. Its stock peaked at well-nigh $106 a share at the end of 1999, earlier taking a long slide, pummeled by negative analyst reports. The visitor would lay off xv% of its workforce before the stock price recovered.
Jeff Bezos named Fourth dimension'southward Person of the Year – Dec 27
Jeff Bezos named Fourth dimension'due south Person of the Yr
December 27
Fourth dimension Mag names Bezos Person of the Year, dubbing him "the king of cybercommerce." At age 35, Bezos is the fourth-youngest recipient of the distinction.
Amazon starts selling clothing – November vii
Amazon starts selling clothing
November 7
Amazon announces a partnership with several major clothing companies to offer 400 wearing apparel brands in its online store. Amazon has now moved far beyond books, with offerings that include electronics, toys, kitchenware, and even mag subscriptions.
Amazon launches web hosting business – June ten
Amazon launches spider web hosting business concern
June 10
The company starts to generate extra income by licensing its platform to other east-commerce sites, like Borders.com and Target.com. Fifteen years later, Amazon Web Services dominates cloud hosting and is one of the company's biggest revenue drivers.
Amazon enters Cathay – August xix
Amazon enters People's republic of china
August 19
Amazon pays $75 meg to buy Joyo, the largest online seller of books and electronics in the growing Chinese market. But the division — renamed Amazon China — faced stiff contest. As of 2018, it merely had 0.vii% of online sales, abaft far behind Alibaba'due south 58.ii%, according to eMarketer.
Amazon Prime debuts – February two
Amazon Prime number debuts
February ii
During an earnings call, Bezos announces a $79-a-twelvemonth loyalty program that includes free two-day shipping on any order. Now, with more than than 100 one thousand thousand members worldwide, Prime is considered one of Amazon's most valuable avails.
The Kindle goes on sale – November 19
The Kindle goes on sale
Nov 19
Just every bit the vacation shopping flavor is nigh boot into total gear, Amazon unveils its Kindle. The electronic reading device enables users to wirelessly download books, magazines and newspaper manufactures among other content. Starting price: $399.
Amazon announces a new headquarters in Seattle – Dec 21
Amazon announces a new headquarters in Seattle
December 21
In a determination that will transform Seattle's real estate market, Amazon makes a bargain with the urban center and a developer to consolidate its scattered workforce into 1.6 million square feet in a gritty industrial neighborhood north of downtown. The city raises meridian limits to accommodate larger buildings. The visitor'southward new headquarters will eventually firm 40,000 employees in more than than 8 million square feet.
Amazon acquires audiobooks company Aural* – January 31
Amazon acquires audiobooks company Audible
January 31
Amazon pays $300 meg for Audible, which comes with a library of lxxx,000 programs in the United states and Europe. The move comes simply ii months after Amazon launched its Kindle device for e-books. Audible now holds 41% of the audiobook market, which has been growing quickly with the rise of smartphones and streaming-enabled car stereo systems.
Amazon acquires shoe shopping site Zappos – July 22
Amazon acquires shoe shopping site Zappos
July 22
If you can't crush 'em, buy 'em. Amazon buys online shoe retailer Zappos in an all-stock bargain worth nearly $900 million. Despite attempts to penetrate the shoe marketplace Amazon hadn't been able to catch up with Zappos.com, which provides gratis returns and overnight aircraft. Afterward the bargain closed, Amazon allowed the company to remain based in Henderson, Nevada, under CEO Tony Hsieh.
Amazon acquires robotics company Kiva Systems – March xix
Amazon acquires robotics visitor Kiva Systems
March 19
Amazon buys Kiva Systems, a Massachusetts-based maker of warehouse robots, for $775 million. The deal allows Amazon to amp upwards automation at its fulfillment centers, delivering products faster and with less need for human staff. Amazon later terminated Kiva's client relationships with retailers like Office Depot and the Gap in lodge to go along the technology to itself.
Jeff Bezos announces intention to purchase The Washington Post – August v
Jeff Bezos announces intention to buy The Washington Postal service
August 5
Bezos says he will pay $250 one thousand thousand of his own money for the financially struggling Washington Mail. His plan: To accept it private and pump cash into new staff and better online products. The newspaper now says information technology is profitable. Only the partnership hasn't been without headaches: President Donald Trump has claimed the motion was an attempt by Bezos to buy influence in Washington, D.C.
Amazon starts delivering packages on Sundays – November 11
Amazon starts delivering packages on Sundays
November eleven
Amazon begins delivering packages through the Us Postal service seven days a week in Los Angeles and New York. Information technology will later roll out the service nationwide. Although Amazon's contract with the postal service carrier is confidential, the USPS says it makes a profit on the deal.
Amazon unveils its first (and last) smartphone – June 18
Amazon unveils its get-go (and last) smartphone
June 18
Amazon enters the smartphone market with its Fire phone, which integrated with Amazon's universe of media streaming options. But the phone flopped, forcing Amazon to take a $170 1000000 writedown and end production the following year.
Amazon acquires the social video game streaming site Twitch – August 25
Amazon acquires the social video game streaming site Twitch
August 25
Amazon buys Twitch Interactive, the three-twelvemonth-old video game streaming company, for $970 1000000. The bargain non only complements the work being done at Amazon'southward own game production division, only it helps pull the global gaming community towards its cloud platform, Amazon Web Services.
Amazon opens its beginning physical bookstore – November 2
Amazon opens its first concrete bookstore
November ii
After existence blamed for the pass up of independent bookstores across the country, Amazon opens its own physical retail location in Seattle. The store's opening is meant to market Amazon's growing list of electronic devices as much equally it is to sell books. Amazon now has 15 bookstores in cities across the United states of america.
The Echo becomes widely available – Nov 10
The Echo becomes widely available
November 10
Later on unveiling its showtime smart speaker in 2014 to select customers, Amazon puts the Repeat in iii,000 stores nationwide merely in time for the holiday flavour. The Echo is the platform for Alexa, Amazon's virtual personal assistant, and therefore the key to a wealth of consumer data and purchasing decisions.
Amazon acquires Whole Foods – June xvi
Amazon acquires Whole Foods
June 16
After struggling for years in the intensely competitive grocery delivery business, Amazon ups the ante and purchases Whole Foods' 471 stores for $13.seven billion. Information technology has since started to integrate the ii companies' distribution networks and offer discounts to Prime members.
Amazon announces its search for
a 2d headquarters – September 7
Amazon announces its search for a second headquarters
September seven
Pushing the boundaries of its growth in Seattle, Amazon sets off a race betwixt scores of cities across the United states and Canada to host its second headquarters. Bids include lavish taxation incentives and real estate for the campus, amidst other goodies. A decision is expected by the end of 2018.
Amazon reaches a $ane trillion market cap – September 4
Amazon reaches a $1 trillion market cap
September 4
Fueled by investor enthusiasm for rise profits, Amazon's stock price rises enough to make the company briefly worth $ane trillion. It's the 2nd visitor to pass that threshold, subsequently Apple reached it before in the year, and analysts quickly started to predict $2 trillion won't be likewise far off in the future.
Raises minimum wage to $xv an 60 minutes – October 2
Raises minimum wage to $fifteen an hr
Oct 2
Under pressure from unions and progressives like Vermont Senator Bernie Sanders, Amazon announces information technology will raise its minimum wage to $15 an hour, effective Nov ane. The change is expected to bear upon 250,000 of the company'south employees, plus 100,000 seasonal workers.
Announces New York and Virginia will exist domicile to HQ2 – November 13
Announces New York and Virginia will exist dwelling to HQ2
November 13
More than than a year after it first announced its competition for its second headquarters, Amazon finally chooses New York'due south Long Island Metropolis and Virginia'due south Arlington to divide the duties as its HQ2. Both locations will receive a $2.5 billion investment from Amazon, and each will employ more 25,000 workers over time. In addition, the visitor appear a new hub in Nashville that will use 5,000 people. The evolution projects promise to bring each city a giant infusion of high-paying jobs and tax revenue, but will also impact surface area infrastructure and property values. Hiring begins in 2019.
Amazon cancels plans for New York headquarters – February xiv
Amazon cancels plans for New York headquarters
February 14
Amazon ditches plans to build a new headquarters in New York after facing backlash from local politicians and community members. In a statement Amazon said "a number of state and local politicians have made information technology articulate that they oppose our presence" in Long Island Metropolis. The company's determination was met with cheers past some and jabs from politicians frustrated past the company's conclusion to walk away. Amazon said it did not intend to reopen the search for a new HQ2 location and that its plans in Northern Virginia and Nashville, Tennessee, remain in place.
Amazon marks 25 years in business – July v
Amazon marks 25 years in business
July 5
At the quarter-century mark, Amazon has 647,500 employees, occupies 288.4 million foursquare feet of real estate, and accounts for nearly one-half of online retail in the United States. Information technology operates in sectors ranging from janitorial services to defense contracting. And with great calibration comes intense scrutiny: Amazon has come under burn down from civil rights groups, presidential candidates, antitrust regulators and its own employees on issues ranging from facial recognition technology to its light federal income taxation bill. Through it all, the company has maintained its intense focus on the customer — sometimes, critics charge, to the detriment of everyone else.
*July 3, 2019 closing toll
Amazon's sales and profits surge during pandemic – Oct 29
Amazon'south sales and profits surge during pandemic
Oct 29
Amazon's sales and profit soared in the tertiary quarter as shoppers turned to the online giant to deliver appurtenances to their homes in the pandemic. Amazon said its sales grew 37% compared to the aforementioned period last yr, to $96.1 billion, and profit increased 197% to $6.iii billion. Sales at online stores, which include products similar Alexa and items Amazon sells directly to customers on its website, grew 38% in the third quarter. Amazon's sales from 3rd-political party sellers that offer items on its site increased 55%. Revenue from Amazon Web Services, the visitor'due south deject calculating business and largest profit driver, grew 29%, while its ad business grew 51%.
Jeff Bezos announces programme to pace downwards as Amazon CEO – Feb 2
Jeff Bezos announces plan to step down equally Amazon CEO
February 2
Amazon founder Jeff Bezos will pace down from his role as master executive after this twelvemonth and transition to the part of executive chair. He will be replaced by Andy Jassy. Bezos has been Amazon'due south CEO since its founding in 1995. He oversaw its growth from an online bookseller into a $i.seven trillion global retail and logistics behemoth, which has also made Bezos into ane of the globe's richest people. Jassy has worked for Amazon since 1997 and currently serves as CEO of the company's deject business, Amazon Web Services, its biggest turn a profit driver.
Source: https://www.cnn.com/interactive/2018/10/business/amazon-history-timeline/index.html
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