Birth of Amazon

Amazon is an e-commerce website where you can access billions of products and services with a single click. So, do you know the story of how Amazon came into being? In this blog post, we will explain the founding of Amazon, trying to convey who founded it, who owns it now, and how it all started.

Who Founded Amazon? Whose Amazon Is It?

Amazon was founded by Jeff Bezos in 1994. Bezos was working a menial job in New York at the time, but he had a relentless passion for technology and the internet. He saw an opportunity to launch an online bookstore that would allow customers to purchase books from the comfort of their own home. Bezos initially named his company “Cadabra,” but changed the name to Amazon a year later after a lawyer misheard the name as “cadaver.”

Today, Jeff Bezos is no longer Amazon's CEO, but he is still a major shareholder of the company. Bezos stepped down as CEO in 2021 and was replaced by Andy Jassy. Bezos owns about 10% of Amazon's shares, making him one of the richest people in the world.

Which Country Does Amazon Belong To?

Amazon is an American company founded and headquartered in Seattle, Washington. But Amazon has a global presence, operating in countries around the world. Amazon provides services in many countries such as the United States, Canada, United Kingdom, France, Germany, Italy, Spain, Netherlands, Belgium, Poland, Switzerland, Australia, Brazil, Japan, China, India, Mexico, Singapore, United Arab Emirates, Saudi Arabia and our country Turkey.

How Was Amazon Founded?

Jeff Bezos left his job in the finance industry in 1994, moved to Seattle, Washington, and founded Amazon in his garage. He initially had a small team and worked tirelessly to build the company from scratch. Bezos wanted Amazon to be the world's most customer-focused company and focused on providing a wide selection of products, low prices, and fast and reliable shipping.

Amazon's early years were marked by massive growth and innovation. Amazon went public in 1997, raising $54 million in its initial public offering. Within a few years, Amazon added new product categories, including music, movies and electronics. The company also introduced new services such as Amazon Prime, which offers free two-day shipping on eligible products.

If you are wondering what Amazon Prime is, you may want to read this blog post: What Does Amazon Prime Do?

Today, Amazon is one of the largest companies in the world, with a market value exceeding $1.5 trillion. The company has branched out into many different areas such as cloud computing, media and artificial intelligence. However, Amazon's roots remain true to its founding mission of providing customers with an easy and convenient way to buy the products they need.

Amazon today

The birth and development of Amazon triggered each other with the rise of the internet and the growth in the e-commerce sector. Besides books, Amazon has grown by offering customers a wide variety of products such as electronics, clothing, household goods, cosmetics and even groceries.

One of the keys to Amazon's success is its innovations that simplify and improve its customers' shopping experience. For example, the “One-Click Order” feature, a service developed by Amazon, allows customers to purchase the product directly with just one click. Amazon has created a loyal customer base by offering advantages such as shipping and discounts through the Prime system.

Today, Amazon is a giant company that serves billions of customers around the world and is influential enough to even give birth to new business lines such as Amazon Dropshipping .