Day: September 11, 2018

Who hasn’t heard about Amazon! This company has made its presence felt in almost every field including online buying and selling of almost anything and everything in addition to covering services such as home pantry goods, video streaming, bill payments, etc. Who knows, there will come a day when the Amazon coins will be probably listed on https://trulycoin.com. The list does not end here. Rather the company is only expected to grow by leaps and bounds. However, here are 10 additional fascinating facts about Amazon that you probably did not know about yet.

  1. Founder Jeff Bezoz started the famous multinational company in the garage of his own home in 1994 but the website was only launched a year later in 1995. Amazon was first introduced under the brand name “Cadabra”. However, the name backfired as many people started to mispronounce it as “cadaver”. It was then the company was renamed to Amazon after scrapping down several shortlisted names.
  2. Amazon was launched with the sole purpose of selling books, which then ventured into several other platforms and guess which book made the first sale – Fluid Concepts & Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought.
  3. Did you know that even Amazon made many errors? At the time when programming was not Amazon’s forte and when the website was at its developmental stage, many customers tricked the company into crediting them money by placing an order of books in negative numbers, which forced Amazon to deposit money to the customers’ bank account.
  4. Amazon received orders from 50 American states and 45 different countries from the world in the first month of its launch.
  5. Did you know that the CIA is one of Amazon’s biggest clients that depend on Amazon’s cloud computing services?
  6. Amazon’s biggest competition at that was Barnes & Noble and in order to attract a customer base, Amazon would drive banners quoting “Can’t find that book you wanted?” with Amazon’s web address near the Barnes & Noble store.
  7. The turnaround period for Amazon was almost seven years before it started tasting profits.
  8. Did you know that in a bad turn of events, Amazon lost almost $5.7 million in sales when its website shut down for exactly 49 minutes?
  9. Amazon in addition to the regular hiring introduces the concept of seasonal hiring to meet the huge staffing requirements needed to process bulk orders, especially around Christmas – a jolly good season to find work at Amazon.
  10. Not only is Amazon known for specialty hiring but also is famous in how it handles letting go of unmotivated warehouse workers. Amazon uses its “Pay to Quit” feature to encourage the least interested people to hand over their resignation and in turn pays them a fixed sum of $5,000. How is that for staff management!

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