People are in the habit of placing online orders for everyday needs. Those same people know that Amazon is the largest web-based retailer as a result of its success. Jeff Bezos established the startup in the garage. It all started in 1994 at his home in Washington. He began with retailing books, selling the first book in July of 1995. After two years, he issued an IPO because of his efforts.
Bezos quit his job at an investment firm in Wall Street due to his desire to lay the foundations for Amazon.com. At the outset, Bezos ran his online bookshop from his garage with assistance from two employees. Afterward, he started working from a two-bedroom house. When the business started flourishing due to rising revenues, the address became his headquarters.
The online retail outlet that began its journey selling books now promotes and sells almost everything from salt to software. Right from inception, Amazon has blazed a trail in e-commerce and inspired many others to follow suit. Since Amazon started doing business, the online retailer has grown exponentially and phenomenally as a result and is currently valued at a whopping $171.6 billion.