Interesting Facts about Amazon - A Trillion Dollar Company
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Amazon is well-known, and almost everyone has used it to buy or sell something. When Jeff founded this company in 1994, it was just another online book seller, but it quickly grew into an e-commerce behemoth that has dominated the market ever since.
Amazon has a wide range of things to choose from as well as a number of other services such as Prime videos, Audible, and others. The majority of people sell and purchase on Amazon, however there are many unknown truths regarding the corporation that few people are aware of.
Interesting Facts about Amazon
- Amazon had a different name when it first started back in 1994
- Warehouse Tours Are Available on Amazon
- Amazon Bought a Robotics Business in 2012
- Amazon is the second business to achieve $1 trillion in market capitalization
- Amazon Faced Backlash for Selling Dolphin Meats
- Amazon Japan’s Mascot, Danbo, is Extremely Cute
- Tiny Houses Are For Sale on Amazon
- Amazon Will Pay Employees To Leave The Company
- The Amazon Corporate Lobby Has a Giant Cave Bear
- Nintendo Switch Was The Top Searched Item on Amazon in 2020
Interesting Facts about Amazon
Amazon had a different name when it first started back in 1994
Generally, people don’t know about this fact but when Amazon originally began in 1994, it was known by a different name. It was named Cadabra like the magic term "abracadabra." However, Jeff Bezos' lawyer said that the magic connection was too vague and that "Cadabra" may be misconstrued for "cadaver" when spoken aloud. They eventually settled on the name Amazon, which is a tribute to a river in South America. The concept seemed to be that, like the world's biggest river, their book range would be enormous and diverse.
Warehouse Tours Are Available on Amazon
Despite the fact that an Amazon Fulfillment Center may not appear to be a popular tourist attraction, the corporation is nonetheless offering the option. At least 23 warehouses in the United States and Canada are one of the global locations open to the public on specific days each month.
The tour lasts approximately an hour and gives visitors a look at the computerized sorting system that sends goods out the door, probably with air conditioners. In 2011, the firm was chastised for running warehouses at temperatures above 100 degrees and parked ambulances outside to treat heatstroke sufferers.
Amazon Bought a Robotics Business in 2012
Kiva Systems was purchased by Amazon for $775 million. This small robotics firm provided its new owner with mobile robots that were designed to transport item racks from worker to worker and scan barcodes on the surface for guidance. Amazon received an army of robots custom-built to whizz around buildings and fulfil shipping demands at breakneck speed as part of the agreement.
Kiva had committed to maintain distributing its technology to other suppliers even as an Amazon subsidiary. But it didn't pan out that way: Amazon renamed Kiva to Amazon Robotics in the spring of 2015. Other shops interested in leveraging Amazon's robot army should let Amazon Robotics and Amazon Services complete their orders using Amazon robots in Amazon facilities, according to the company.
Amazon is the second business to achieve $1 trillion in market capitalization
Among the most fascinating statistics about Amazon is that it is only the second firm in history to reach $1 trillion in revenue. Given that Amazon earns 49 cents for every dollar bought online in the United States, this is unsurprising. In 2018, Apple became the first firm to hit the $1 trillion mark.
Damini Bhandary
Amazon Faced Backlash for Selling Dolphin Meats
After it was discovered that Amazon Japan dealt in meat items derived from whales and dolphins, including certain endangered species, environmental activists launched an email campaign against the retailer in 2012. Amazon's virtual shelves were emptied of more than 100 items, including canned whale flesh and whale jerky.
Amazon Japan’s Mascot, Danbo, is Extremely Cute
Danbo, Amazon Japan's unofficial sentient shipping box mascot, is so beloved that Danbo toys and other items are widely available, as are memes portraying him in various situations. Danbo (which translates to "corrugated cardboard"), on the other hand, started in the pages of manga artist Kiyohiko Azuma's work and has no apparent connections to the corporation, though they don't appear to care.
Tiny Houses Are For Sale on Amazon
Are you looking for a new place to live? On the site, you can purchase a home. Amazon sells home kits with a 20-foot by 40-foot living space, a kitchen, and a bathroom for roughly $26,000. But, if you want to transform it from a gimmick to a habitable space, that amount isn't all-inclusive. Before it becomes a permanent residence to which Amazon deliveries may be delivered, you'll need to pay for plumbing, electrical installation, and other essentials.
Amazon Will Pay Employees To Leave The Company
Amazon introduced a "Pay to Quit" program in 2014 with the goal of reducing the number of unmotivated warehouse workers at its fulfilment sites. If a person resigns, they will receive anything from $2000 to $5000, depending on how long they have worked there. (Employees must have been with the company for at least a year.) What's the catch? You will never work for the company again if you accept the money. Only about 10% of the first wave of employees who were offered the deal took it.
The Amazon Corporate Lobby Has a Giant Cave Bear
Once Amazon started experimenting with an eBay-style auction mechanism, Bezos made a huge purchase: he paid $40,000 for a complete Ice Age cave bear skeleton. The colossal creature now stands in the entryway of the company's Seattle headquarters.
Manav Makhija
Nintendo Switch Was The Top Searched Item on Amazon in 2020
As per statistics, 66% in the United States begin their purchase search on Amazon. Because we're dealing with a big number of queries, we may gain information into user behavior, including the most popular Amazon product. According to Amazon search statistics, the Nintendo Switch was the most sought item in the United States, with over one million searches per month. With 892,000 searches, a laptop came in second, followed by AirPods with 693,000 searches. The spike in interest of the Nintendo Switch, which resulted in doubling sales in March 2020 compared to the same period in 2019, is most likely to blame for a large number of Nintendo Switch searches.
Conclusion
Over the years, Amazon has made enormous strides. It began by focusing solely on the sale of books. According to Amazon statistics, the corporation is still one of the largest merchants of all time. As a result, as more individuals engage in online shopping, its rise is projected to continue in the future.
FAQs
Who is the CEO of Amazon?
Andy Jassy is the CEO of Amazon since 5 July 2021.
How does Amazon make profit?
Amazon makes money through its retail, subscriptions, and web services, among other channels.
Who runs Amazon India?
Amit Agarwal is the Global Sr. VP and Country Head at Amazon India.
What was the first product sold by Amazon?
Amazon opened as an online bookseller and Books were the first product to be sold by Amazon.
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