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KF5JRV > TODAY 05.07.25 11:25l 19 Lines 1602 Bytes #999 (0) @ WW
BID : 10165_KF5JRV
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Subj: Today in History - Jul 05
Path: IZ3LSV<IK6IHL<IK7NXU<HB9ON<DK0WUE<PI8ZTM<EI2GYB<VE3CGR<VE7ASS<VA7RBP<
KF5JRV
Sent: 250705/0914Z 10165@KF5JRV.#NWAR.AR.USA.NA BPQ6.0.24
On July 5, 1994, Princeton graduate and entrepreneur Jeff Bezos founds Cadabraâ€öa twist on the magic word “Abracadabra”â€öwhich is initially just an online bookstore run out of his garage in Bellevue, Washington. Bezos later changes the name to Amazon, and his site grows to become a global retail behemoth, an online "everything store" earning hundreds of millions in annual sales.
In 1995, Amazon went live on the world wide web, which was still in its early stages. Two years later, Amazon went public with an initial public offering (IPO). In 1999, Amazon moved beyond just selling books and began offering music and videos; then, in 2000, Amazon opened the website to third-party sellers. In 2006, Amazon Web Servicesâ€öwhich, as of 2024, provides a majority of Amazonâ€Ös operating profitsâ€öwas launched to provide cloud-computing services.
Other Amazon milestones include the 2005 introduction of Amazon Prime, a subscription service that includes free, fast shipping. In 2007, Amazon released the first Kindle e-reader. Amazon continued a major expansion, and acquired other companiesâ€öincluding grocery chain Whole Foods, which it purchased for $13.7 billion in 2017.
In 2021, Bezos stepped down from his CEO position to become executive chairman of Amazon.
In a 2013 interview, Bezos said this about Amazonâ€Ös success: “Weâ€Öve had three big ideas at Amazon that weâ€Öve stuck with for 18 years, and theyâ€Öre the reason weâ€Öre successful: Put the customer first. Invent. And be patient.”
73 de Scott KF5JRV
Pmail: KF5JRV@KF5JRV.#NWAR.AR.USA.NA
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