???? Jeff Bezos Live | Amazon, Bitcoin Evolution, Anti-Bearish Coalition, Investments News

Jeff Bezos [Amazon]: In this podcast, we will talk about Amazon news, Blue Origin, Bitcoin Evolution, Cryptocurrencies, Investments, World Crisis and more.


????Amazon website: Amazon.com
????Official Amazon twitter: Twitter.com/amazon
????Official Jeff Bezos twitter: Twitter.com/jeffbezos

The company was founded as a result of what Jeff Bezos called his "regret minimization framework", which described his efforts to fend off any regrets for not participating sooner in the Internet business boom during that time. In 1994, Bezos left his employment as vice-president of D. E. Shaw & Co., a Wall Street firm, and moved to Seattle, Washington, where he began to work on a business plan for what would become Amazon.com.

On July 5, 1994, Bezos initially incorporated the company in Washington State with the name Cadabra, Inc. He later changed the name to Amazon.com, Inc. a few months later, after a lawyer misheard its original name as "cadaver". In its early days, the company was operated out of the garage of Bezos's house on Northeast 28th Street in Bellevue, Washington. In September 1994, Bezos purchased the domain name relentless.com and briefly considered naming his online store Relentless, but friends told him the name sounded a bit sinister. The domain is still owned by Bezos and still redirects to the retailer.
Since June 19, 2000, Amazon's logotype has featured a curved arrow leading from A to Z, representing that the company carries every product from A to Z, with the arrow shaped like a smile.

According to sources, Amazon did not expect to make a profit for four to five years. This comparatively slow growth caused stockholders to complain that the company was not reaching profitability fast enough to justify their investment or even survive in the long-term. The dot-com bubble burst at the start of the 21st century and destroyed many e-companies in the process, but Amazon survived and moved forward beyond the tech crash to become a huge player in online sales. The company finally turned its first profit in the fourth quarter of 2001: $0.00 (i.e., 1¢ per share), on revenues of more than $1 billion . This profit margin, though extremely modest, proved to skeptics that Bezos' unconventional business model could succeed.
In 2011, Amazon had 30,000 full-time employees in the US, and by the end of 2016, it had 180,000 employees.

In 2014, Amazon launched its first ever smartphone, the Fire Phone. The Fire Phone was meant to deliver media streaming options but the venture failed, resulting in Amazon registering a $170 million loss. This would also lead to the Fire Phone production being stopped the following year. In August of the same year Amazon would finalize the acquisition of Twitch, a social video gaming streaming site for $970 million. This new acquisition would be integrated to the game production division of Amazon..