Connect with us

Stories

Jeff Bezos and Amazon: The Legacy

Published

on

Jeff Bezos, Amazon CEO and the richest person in the world at the end of 2020 announced that he will be stepping down from his position – leaving behind a legacy spanning across 26 years. However, he will serve as the Executive Chairman on the Amazon Board while focusing on ‘Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and other passions’.

Humble Beginnings

Looking back in time, it is hard to believe that the Amazon conglomerate involved in streaming, e-commerce, entertainment, cloud computing, and even groceries was just a book store in the beginning. Selling books through the internet in 1995 while paying sites to re-direct traffic led Bezos to launch his company’s IPO and there was no looking back.

Innovation is the key

Studying the trajectory of Amazon’s growth, the company grew by leaps and bounds through constant innovation. Here is the chronological order of every new service launched by Jeff Bezos as the Amazon CEO:

Year Service/Product Purpose
1997 1-click shopping button Easy shipping and online purchase
2000 Amazon Marketplace A platform for External sellers
2005 Amazon Prime Subscription for fast delivery
2006 Amazon Web Services Cloud Computing
2007 Amazon MP3 Online music store
2007 Amazon Kindle Digital Reading
2011 Amazon Prime Video Internet-based Streaming
2013 Amazon Prime Air (incomplete) Using Drones for delivery
2014 Fire TV Set-top box hardware
2014 Amazon Echo Smart Speaker

Amazon Maximus! The e-commerce conglomerate opens its largest campus in India

Smart (and expensive) Acquisitions

Throughout the journey, Jeff Bezos, as Amazon CEO, ensured that the acquisitions add new value to the company while strengthening its previous initiatives on similar lines. If you look closely, the timing and acquired companies given below almost overlap with their respective commercial trends in the global market:

Year Acquisition Price (approx.)
1998 IMDB $55 million
2009 Zappos $928 million
2010 Woot $110 million
2014 Twitch $970 million
2017 Whole Foods $13.7 billion
2018 Ring Home Security $1 billion

 

Jeff Bezos’ work as Amazon CEO has earned its place in the mecca of the world’s greatest entrepreneurs. Although the management genius distances himself from Amazon, Jeff will be in the headlines again very soon.

Continue Reading
Click to comment
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Zomato Faces Backlash Over New Pure Veg Fleet: Embraces 'Red Reality'
Analysis3 weeks ago

Zomato Faces Backlash Over New Pure Veg Fleet: Embraces ‘Red Reality’

Apple Google AI Deal: 21st Century Tech Collab to Integrate Gemini-Like Features in iOS
Analysis3 weeks ago

Apple Google AI Deal: 21st Century Tech Collab to Integrate Gemini-Like Features in iOS
With this deal, Google will be able to tap into Apple’s 1.4 billion active user base worldwide and expand the reach of its AI, Gemini, to a new stratum of users.

The 'Paramount' Sale of Viacom18's 13.01% Stake to Reliance Establishes Mukesh Ambani as Asia's Media Mogul
Analysis1 month ago

The ‘Paramount’ Sale of Viacom18’s 13.01% Stake to Reliance Establishes Mukesh Ambani as Asia’s Media Mogul
Paramount Global has been aiming to improve its balance sheet after ending last financial year with a long-standing debt of $15 billion.

Adani-Qualcomm Meeting Sends Sparks Across the Indian Tech Ecosystem
Latest1 month ago

Adani-Qualcomm Meeting Sends Sparks Across the Indian Tech Ecosystem

91Club offers a unique blend of entertainment and monetary rewards, making it a preferred choice for 2 million players.
Latest1 month ago

91Club: The Gaming Platform To Earn Real Money
Play and Win: 91Club, Where Gaming Means Real Money

Daman Game is a platform offering many games designed to entertain players of all ages It offers you a chance to win money by playing games.
Latest1 month ago

Daman Game: Where Fun Meets Real Rewards
Game On with Daman: Where Entertainment Pays Off!

TATA's Tech Revolution: Venturing into Chipmaking
Analysis1 month ago

TATA’s Tech Revolution: Venturing into Chipmaking
TATA Prepares to Venture into Chipmaking Business: Becoming the Herald of Change and Development in the Indian Tech Ecosystem

BharatGPT’s Hanooman: Desi Artificial Intelligence Ready For March Public Launch
Latest2 months ago

BharatGPT’s Hanooman: Desi Artificial Intelligence Ready For March Public Launch
The Indian tech scene is about to witness a dramatic makeover as BharaGPT prepares the public launch of the ‘Made In India’ AI, Hanooman.

OpenAI Launches SORA, its Text-to-Video Generator Model
Latest2 months ago

OpenAI Launches SORA, its Text-to-Video Generator Model

Gully Labs Story
Latest3 months ago

How a Homegrown Indian Sneaker Brand, Gully Labs is Embracing Indianism
Gully Labs: Redefining the sneaker culture in India

Topics

Editor's Pick

0
Would love your thoughts, please comment.x
()
x