Skip to main content

THE SECOND TRILLION DOLLAR COMPANY - AMAZON


THE SECOND TRILLION DOLLAR COMPANY - AMAZON



The richest man on the earth today is Jeff Bezos who started an online business of selling books. To start his business he had to quit his jobs and bonus at D.E. Shaw. He started his company Amazon in a garage from nothing but with his wife's support. Amazon was earlier known as Cadabra but then he changed the name to Amazon after being convinced by his lawyer to change the name as it sounded similar to Cadaver. A company that started in 1995 as a website only sold books. However, the founder of the company, Jeff Bezos had a vision for the company's explosive growth and e-commerce domination. 

It took him 24 years to reach at this momentum and during the 24 years he has had a strong vision to achieve his goal as he wanted Amazon to sell anything and everything and that is what it does now. The Journey from 1994 to 2018 was not easy. Amazon was once at the brink of bankruptcy. However, he managed to save his company from going bankrupt by closing distribution centres and he also laid of 14% of the Amazon workforce. His dream came true because of his and his employees hard work  as he expected them to work 60 hours per week. During his journey to make Amazon a trillion dollar company he never resisted to trying new things and taking risks as he believed that if you already know that something is going to work then it is not an experiment and you cannot invent knew things without experimenting. 

Amazon is an exciting way to shop for books online, read books, publish, to power the internet and also to get deliveries. Amazon's market value is about 30 times higher than it was 10 years ago. Barclays once predicted that Amazon could be the first trillion dollar company and now it follows Apple as it has hit a market value of $1 trillion dollars on 4 September 2018. Even thought it was not the first to reach the milestone, it raced to the mark with greater speed. 


So, Amazon is the second American company to hit the market value of 1 trillion dollars. If you did enjoy the video, hit the like button and don’t forget to share and subscribe to our channel. Make sure you do hit the bell icon so that you don’t miss the forthcoming videos. If you have any questions regarding the video or any suggestions for the next videos then do let us know in the comments section below. Follow us on Instagram, Facebook, snapchat and twitter at @Bammotivation1.



Comments

Post a Comment

Popular posts from this blog

10 INTERESTING FACTS ABOUT SULTAN OF BRUNEI

    10 INTERESTING FACTS ABOUT SULTAN OF BRUNEI 1.       EARLY LIFE – The full name of Sultan of Brunei is Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah. He was born on 15 July 1946 is the wealthiest monarch of the world. His full name is is 75 characters too long to fit in a tweet. He received his early education in the form of private tuition and attended top institutions in both Brunei and Kuala Lumpur until 1961. Whilst he was a cadet at Britain’s Sandhurst Military Academy, he was recalled to Brunei when his father voluntarily abdicted the throne in a last desperate move to resist both communism and pressure from the British to permit greater democracy. The father and son waged a public dispute over Radio Television Brunei, but in the end the police and the army declared allegiance to Hassanal. He was installed as the crown prince in 1967 at the age of 21. He is 29 th and current Sultan of Brunei. After Queen Elizabeth II, the Sultan is ...
Post a Comment
Read more

CHINA'S QUIET COLD WAR AGAINST U.S.

CHINA'S QUIET COLD WAR AGAINST U.S. A top Central Intelligence Agency (CIA) expert said that China is waging a "quiet kind of cold war" against the United States trying its resources to overtake America and to become a leading power in the world. China has given the world a choice by asking the global leaders to choose between China's president Xi Jinping's global outlook and that of US President Donald Trump's "self-centres America First Policy which has lead to anxiety between both allies and the broader world. US President, Donald Trump has announced a new package of trade tariffs targeting China and South Korea. Mr Trump has imposed tariffs on imported solar-energy components and large washing machines last week in a law to china's export market. U.S. has imposed tariffs on $34bn of chinese goods on 6 July and it intends to target another $200 billion of additional products. Mr Trump said that more than $500 billion worth could be hit....
Post a Comment
Read more

WHAT MOST OF THE BILLIONAIRES HAVE IN COMMON.

WHAT MOST OF THE BILLIONAIRES HAVE IN COMMON. A report by 'The Independent' discloses the research from  British recruitment agency Aaron Wallis Sales Recruitment, which examined  Forbes ' list of the 100 richest people in the world which reveals  what the billionaires studied, their first job and how rich they became.  The report found that 75 of the world's richest 100 people have a degree, and out of these 75, 22 studied engineering.  Fifty-three of the top 100 also started working in a non-family owned business, with 19% starting in a salesperson role and 17% starting as a stock trader.  Meanwhile, 17% of the world's top 100 billionaires started their careers by setting up their own business.  The top 5 degrees amongst the world's billionaires are engineering - 22, Business -16, Finance & Economics - 11, Law - 6, Computer Science - 4.  More than half (53) of the top 100 people on  Forbes  magazine's World’s Bil...
Post a Comment
Read more