History Of Amazon. Com

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Recommended: A brief history of Amazon Inc

Amazon.com (AMZN: Nasdaq) was founded in 1994 by Jeff Bezos, the “head” of the company and a visionary. He has remained the chairman, president and Chief Executive Officer of the company since its beginning. Bezos graduated summa cum laude (3.85-4.00 GPA) in electrical engineering and computer science from Princeton University. After graduating, he worked in the computer field on Wall Street, built an international trade network for a company called Fitel, became the vice-president at Bankers Trust and later, the vice-president of D. E. Shaw & Co, a global investment management firm. After acquiring a wide knowledge about internet-based retailing and its regulations, Bezos moved to Seattle and opened his first company: Amazon.com. Within two months, Amazon's sales were up to $20,000/week. His talent and dedication took Amazon.com to the leading position of world’s largest e-commerce company and top model in Internet sales. Just in the last two years, Bezos has been nominated Businessperson of The Year by Fortune in 2012, one of the wealthiest people in the world (with an estimated net worth of $28 billion) by Bloomberg Billionaires Index and the second best CEO in the world by Harvard Business Review, both in 2013. Bezos developed a fascination with space travel and created the startup Blue Origin in 2000. The aerospace company, that had an exponential growth since its beginning, intends to expand space tourism with lower cost trips and develop life in space. Constantly expanding his business involvement, Bezos got into the media as well by purchasing The Washington Post newspaper in 2013. Apart from its astonishing CEO, Amazon’s managers proved to be qualified for their positions in the company. Thomas J. Szkutak, the Chief Fina... ... middle of paper ... ...risk companies to calculate possible changes in foreign exchanges. The trading price of Amazon’s stock fluctuates significantly under those circumstances and is really volatile, as their business model is of a rapid growth. After analyzing Amazon’s management team, risks, products, potential new services, balance sheets and activities, it is clear that despite all the risks the company suffers, their success will remain over the years. Amazon has the objective to be in constant improvement and completely customer centric. In today’s world, the market demands companies determined to serve clients with the best product, the fastest service, unbeatable prices and a personalized and diverse offering of services and products. Therefore, it is a smart investment to buy a share of the company, as Amazon’s structure and business model is entirely made of what is demanded.

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