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Amazing Facts About Amazon Company

 Amazing Facts About Amazon Company 



1.Amazon’s founder Jeff Bezos was born by the name Jeff Jorgensen in Albuquerque, New Mexico in 1964. Jeff’s mother remarried when Jeff was four years old to a man named Miguel “Mike” Bezos, a Cuban immigrant who adopted Jeff and gave him his surname.

2.Bezos was a precocious student as a young man. He served as his high school’s valedictorian and was a National Merit Scholar. After high school, Bezos went on to study at Princeton, graduating in 1986 with Bachelor of Science degrees in computer science and electrical engineering.

3.Amazon was founded as a simple online book retailer out of Bezos’ garage in Bellevue, Washington. To handle all of the mail the fledgling company received, Bezos installed an oversized mailbox. The oversized mailbox Bezos put in can still be seen outside that house today.

4.The first book Amazon ever sold was called Fluid Concepts and Creative Analogies by Doug Hofstadter. This complex science book, which explores the mechanisms of intelligence through computer modeling, was sold on April 3, 1995.

5.In Amazon’s early days, a literal bell was rung every single time a new purchase was made through the site. As the company rapidly grew and new sales spiked, though, management had to stop this ritual as the bell was being rung so frequently

6.One of Amazon’s earliest investors were Bezos’ own parents. Bezos’ folks took out $300,000 from their retirement savings to invest in their ambitious son’s shiny new internet startup. Today the retail giant has revenues exceeding 177 billion dollars. His parents’ investment probably didn’t turn out too bad!

7.While running Amazon out of Bezos’ garage, the new company’s computer servers took up so much power that Bezos and his wife couldn’t plugin as much as a hairdryer in their house without risking blowing a fuse. This may help explain why Bezos long ago adopted his hairless aesthetic!

8.Amazon’s early growth as an online book retailer was phenomenal. Within the company’s first month, they had sold a book to people in all 50 US states and in 45 different countries.

9.Amazon once listed a book about the genetic makeup of flies for over $23 million. This crazy price happened because the price of the book was set automatically by an algorithm that listed the price relative to the cost of another Amazon source store. At the same time, this other Amazon source store set its price relative to the price of the first store. As a result, each store’s algorithm entered into a price race-to-the-top, eventually landing on $23 million. Once the algorithmic flaw was discovered, the price of the book was corrected all the way back down to a measly $106.23








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