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Oral Presentation What It Is: Amazon Go

Jeff Bezos founded Amazon in 1994 as an online bookstore with the goal of becoming the world's largest retailer. Starting online and then expanding into physical stores, Amazon now sells a wide variety of products. Through low prices, a large product selection, and innovative technologies like Amazon Go stores, Amazon has seen tremendous growth, becoming one of the largest companies in the world with over 750,000 employees and a market capitalization of over $460 billion.

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Juliana Moreno
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48 views2 pages

Oral Presentation What It Is: Amazon Go

Jeff Bezos founded Amazon in 1994 as an online bookstore with the goal of becoming the world's largest retailer. Starting online and then expanding into physical stores, Amazon now sells a wide variety of products. Through low prices, a large product selection, and innovative technologies like Amazon Go stores, Amazon has seen tremendous growth, becoming one of the largest companies in the world with over 750,000 employees and a market capitalization of over $460 billion.

Uploaded by

Juliana Moreno
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ORAL PRESENTATION

WHAT IT IS
Amazon is an american Company of electronic commerce with headquaters in Seattle.
It was one of the biggest companies selling goods through Internet.
Since June of 2010 Amazon logo has presented a curved arrow in the form of a smile that leads
from A to Z because it contains all products from A to Z, and this is their company motto.
HISTORY
In Aphril 1994, Jeff Bezos left his job as vice president of D. E. Shaw & Co, a Wall Street firm and
moved to Seatle where he started working on a business plan.
Months later, in July, Jeff Bezos created the company Cadabra, and a year later after a lawyer
confused Cadabra with corps, he changed the name to Amazon.
After reading a report about the future of the Internet, Bezos created a list of 20 products that
could be marketed online, and then reduced to the 5 most promising products: CD, computers and
programs, videos and books.
Finally, because of the world demand for literature, he decided that his business would sell books
online. Low prices for books, along with the large number of titles available were the reasons for
their success.
In the first two months of business Amazon got to sell to United States and more than 45 countries
with sales of up to$20.000 for week. And in May of 1997, Amazon began its public stock offering
trading under the symbol AMZN of NASDAQ at price of $18 per share.
Amazon´s initial business plan was unusual, Bezos didn´t expect to get profits from 4 or 5 years,
this “slow” growth caused shareholders complain about the company and of not achieve
profitability enough or even surviving in the long run. However, Amazon obtained its first profit in
the fourthquarter of 2001: 5 million dollars, with incomes exceeding billion dollars, this showed
that Bezos unconventional business model could succeed.

En 1999, la revista Time nombró a Bezos como Persona del Año, reconociendo el éxito de la
compañía en popularizar las compras en línea.

En de octubre de 2016 Amazon.com anunció que estaba planeando construir tiendas físicas y
desarrollar puntos de recogida en la acera para comida. Este nuevo negocio se llama Amazon
Go y en diciembre 5 de 2016, fue abierto para los empleados de Amazon en Seattle. La tienda
utiliza una variedad de sensores y carga automáticamente una cuenta Amazon de comprador
a medida que salen de la tienda, por lo tanto no hay líneas de pago. La tienda abrió al público
en general el 22 de enero de 2018.
El 15 de mayo de 2017, Amazon cumple dos décadas desde que empezó a cotizar en
el Nasdaq. El valor bursátil de Amazon está próximo a los 460.000 millones de dólares, lo que
le coloca como la cuarta más grande del índice S&P 500 entre Microsoft y Facebook.8
En septiembre de 2018, Amazon9 se convierte en la segunda compañía (tras Apple) en ser
valorada por parte de Wall Street en mil millones de dólares estadounidenses.
Amazon toma un pequeño porcentaje del precio de venta de cada artículo que se vende a
través de su sitio web, al mismo tiempo que permite a las empresas anunciar sus productos
pagando para que aparezcan como productos destacados.
con 7500 empleados es una de las mayores empresas del país
En la actualidad está totalmente diversificada en diferentes líneas de productos, ofreciendo
DVD, CD de música, software, videojuegos, electrónica, ropa, muebles, comida, libros, etc. Es
la marca de venta al por menor más valiosa del mundo según el índice BrandZ

FUN FACTS

Bezos selected you company name by looking at the dictionary. He chose the name, AMAZON,
because the Amazon was an exotic and different place as he planned his shop, because the
amazon river was the largest river in the world and planned to turn its store into the world’s
largest.

Barnes &Noble sued Amazon in May of 1997 alleging that Amazon´s claim to be “the world´s
largest bookstore” was false because it´s not a bookstore but a book agent.

Since 2018 amazon.com ranks eighth in the Fortune 500 ranking of America´s largest corporations
for total incomes.

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