Background Info About Amazon
What year was Amazon founded and who is the founder?
1994 and Jeff Bezos
1
Jeff Bezos started the company in 1994 by selling books.
What products does Amazon produce?
Whole Foods products, Kindle eReader, Amazon Essentials (Clothing, household, etc.), Wickedly Prime (Amazon's own food brand), etc.
What is the stock exchange Amazon is sold on?
Nasdaq
What has been in the news recently about Amazon?
‘Amazon to move prime day from July to June’ 4/30/2021
‘Amazon to raise pay for more than 500,000 workers’ 4/29/2021
‘Amazon expands palm-scanning technology to Whole Foods’ 4/22/2021
Timeline
1994-1998: Amazon starts off as an online bookstore
1998-2004: Amazon starts to expand its services beyond books
2005-2011: Amazon starts offering ‘Amazon Prime’, an annual membership allowing free rapid delivery.
2011-2015: Amazon starts offering streaming services like Amazon Music and Amazon Video. It also created the Amazon Fire and Fire Phone, a tablet and smartphone.
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There are about 6,000 dogs that "work" at Amazon HQ in Seattle. They even have a dog park on site.
What product is Amazon's major source of income?
Retail
What is Amazon's current stock price?
$3,266.54 (-0.12%)
What are the management aspects of Amazon?
The company’s founder and CEO, Jeff Bezos is an exceptional and proven business leader. Bezos efficiently exercises visionary and servant leadership styles and places exceptional customer service at the core of Amazon’s business practice
Amazon's leadership style has been classified as a pragmatist. Pragmatist leaders “set high standards and unapologetically expect those standards to be met by themselves and by their employees
How did Amazon start?
In 1994, Jeff Bezos and his wife started Amazon as an online book store. They expanded to physical music sales in 1998.
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The company's market cap is up to $1.7 trillion.
What is Amazon's leading product?
Electronics was the most popular category purchased by Amazon shoppers in the U.S.
What teams work for finance & accounting at Amazon?
There are over 15 different teams that work for finance & accounting at Amazon including, tax, treasury, finance tech, devices finance, Amazon web services finance, corporate FP & A, etc.
Who is on the board of directors?
Jeff Bezos- President, Chief Executive Officer, and Chairman of the Board
Brian Olsavsky- Senior Vice President and Chief Financial Officer
Keith Alexander- IronNet Cybersecurity, Inc.
Judith McGrath- Former Chair and CEO of MTV Networks
Andrew Jassy- Chief Executive Officer, Amazon Web Services
Shelley Reynolds- Vice President, Worldwide Controller
How did Amazon get its name?
At the time, website listings were alphabetized, so he wanted a word that started with "A." When he landed on the word "Amazon," the name of the largest river on the planet, he decided that was the perfect name for what would become earth's largest bookstore.
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Amazon hasn't paid federal taxes in two years.
What products does Amazon sell?
Electronics & accessories, furniture, apparel, pet necessities, food & beverage, beauty & personal care, health & wellness, luggage & travel, sports & outdoors, etc.
Who are Amazon's biggest competitors?
Target, Walmart, Best Buy, and Costco.
What does Amazon do to be socially responsible?
In 2019, Amazon launched one of the major CSR programs, The Climate Pledge, in partnership with Global Optimism, urging companies to achieve net-zero annual carbon emissions by 2040. Ensuring 50% of all shipments reach net zero carbon by 2030. Placing 100,000 electric delivery vehicles on the road by 2030.
Where is Amazon's headquarters located?
Seattle, Washington
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When Amazon first started, they rang a bell every time a customer made a purchase.
Amazon has over 40 subsidiaries including, Whole Foods Market, Audible, Zappos, Ring, Alex Internet, and more.
What is Jeff Bezos's net worth?
$193.2 billion (as of 2021)
What are the marketing aspects of Amazon?
Marketing strategy, RACE framework
Reach: Amazon's initial business growth based on a detailed approach to SEO and AdWords targeting millions of keywords.
Act: Creating clear and simple experiences through testing and learning.
Convert: Using personalization to make relevant recommendations and a clear checkout process that many now imitate.
Engage: Amazon's customer-centric culture delights customers and keeps them coming back for more.