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Rise of Amazon

2025-12-29 (월) 12:00:00 David You 어바인 고교 10학년
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Rise of Amazon

David You 어바인 고교 10학년

Born on January 12, 1964, in Albuquerque, New Mexico, Jeff Bezos, the founder of Amazon, changed the world of shopping, business, and technology. Jeff Bezos graduated from Princeton University in New Jersey with a degree in Electrical Engineering and Computer Science. He started working on Wall Street with various companies before deciding to embark on the journey that led to Amazon. Jeff Bezos was only 30 years old when he began this journey in a small garage in Seattle.

When Amazon first launched in 1994, it was called Cadabra and initially focused on selling e-books. A few years later, during 1998-1999, Amazon expanded its product selection to include other items such as music, DVDs, electronics, and toys. After another year, in 2000, Amazon made the famous logo change, featuring the smile arrow going from A to Z, which symbolizes that Amazon offers a wide variety of products on its website.

Around five years later, in 2005, Amazon Prime was launched, giving customers who paid for the subscription fast 2-day shipping on purchased items. This allowed subscribers to enjoy priority shipping due to the faster delivery times. Amazon Web Services (AWS) launched in 2006 as a cloud computing platform, offering storage, computing power, databases, AI, and analytics. Some platforms that run on AWS include Netflix, Spotify, and Airbnb.


In 2014, Amazon released the Amazon Echo with Alexa, a device used in homes to control smart home devices, set timers or alarms, make calls or send messages, and track Amazon orders. To date, Amazon has sold over 60 million units and many other types of devices. In 2017, Amazon acquired Whole Foods Market for around $13.7 billion USD, and in 2018, it purchased Ring for approximately $1 billion. Shortly after, Amazon became a trillion-dollar company. It has been estimated that, in 7 years, Amazon managed to sell over 10 million Ring Doorbell cameras.

When the COVID-19 pandemic hit in 2020, Amazon became essential for home delivery and media services. In 2020 alone, Amazon generated revenue of almost $400 billion. In July 2021, Andy Jassy became the CEO of Amazon. Before becoming CEO, Jassy was the CEO of Amazon Web Services and had been with Amazon since 1997. Jeff Bezos‘s net worth is around $240 billion USD, while Amazon is now estimated to be a $2.6 trillion company.

Currently, there are more than 9 million sellers globally, with over 2 million active sellers using Amazon. To date, over 300 million people use Amazon, and there are more than 200 million Prime members worldwide.

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