Amazon is an e-commerce giant founded by Jeff Bezos in 1994 as an online bookstore, Amazon.com. Initially, Bezos sold the first book titled "Fluid Concepts and Creative Analogies" and achieved early success with sales reaching $20,000 per week. In 1997, Amazon went public on Nasdaq, opening doors for further growth and expansion beyond books into various consumer products and tech innovations.
Amazon revolutionized e-commerce with innovative shipping strategies, such as free super saver shipping for orders over $99 in 2001 and the introduction of Amazon Prime in 2005, offering free two-day shipping on eligible items. These initiatives significantly reduced delivery costs and transformed customer expectations, making Amazon a leading player in the e-commerce industry.
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