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Jeff Bezos is an American entrepreneur who played a key role in the growth of e-commerce as the founder and chief executive officer of Amazon. Jeff Bezos quit his job at an investment bank in and moved to SeattleWashingtonto open a virtual bookstore. Working out of his garage with a handful of employees, Bezos began developing the software for the site, which he called Amazon.
It sold its first book in He was raised largely in Houston, Texas, and moved to Miami, Florida, as a teenager. Jeff Bezos was not born into a wealthy family. He graduated summa cum laude from Princeton University inwith degrees in electrical engineering and computer science. After graduating from Princeton Universityhe worked at Fitel, an international trade start-up. Under his guidance, Amazon became the largest retailer on the World Wide Web and the model for Internet sales. While still in high schoolBezos developed the Dream Institute, a centre that promoted creative thinking in young students.
After graduating summa cum laude from Princeton University with degrees in electrical engineering and computer sciencehe undertook a series of jobs before ing the New York investment bank D. Its enormous potential—Web usage was growing by more than 2, percent a year—sparked his entrepreneurial imagination. In he quit D. Shaw and moved to SeattleWashington, to open a virtual bookstore. Working out of his garage with a handful of employees, Bezos began developing the software for the site.
Named after the South American river, Amazon sold its first book in July Amazon quickly became the leader in e-commerce. Open 24 hours a day, the site was user-friendly, encouraging browsers to post their own reviews of books and offering discounts, personalized recommendations, and searches for out-of-print books. In June it began selling CDs, and Native Albuquerque New Mexico american women nude that year it added videos.
In Bezos added auctions to the site and invested in other virtual stores. The success of Amazon encouraged other retailers, including major book chains, to establish online stores. As more companies battled for Internet dollars, Bezos saw the need to diversify, and by Amazon offered a vast array of products, including consumer electronics, apparel, and hardware.
Amazon diversified even further in by introducing Amazon Web Services AWSa cloud-computing service that eventually became the largest such service in the world. In late Amazon released a new handheld reading device called the Kindlea digital book reader with wireless Internet connectivity, enabling customers to purchase, download, read, and store a vast selection of books on demand.
Amazon announced in that sales of Kindle books had surpassed those of hardcover books.
That same year Amazon moved into making its own television shows and movies with its Amazon Studios division. The unprecedented s were, in part, caused by a rise in home shopping during the COVID pandemic. However, he planned to remain at Amazon as executive chairman. Aside from Amazon, Bezos founded a spaceflight company, Blue Originin Blue Origin bought a launch site in Texas soon thereafter and planned to introduce a crewed suborbital spacecraft, New Shepardin and an orbital launch vehicleNew Glenn, in In Bezos married Mackenzie Tuttle, whom he had met at D.
The couple announced in January that they were divorcing, and the following day the National Enquirer printed a story revealing that Bezos was having an affair with another woman. Bezos subsequently launched an investigation into how the tabloid had obtained his private text messages. Then, in February, he posted a lengthy essay online in which he accused officials at American Media Inc.
Jeff Bezos. Fast Facts.
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Full Article. Get a Britannica Premium subscription and gain access to exclusive content. Subscribe Now. Learn More in these related Britannica articles:. On the basis of research he had conducted, Bezos…. With its bullet-shaped fuselage, New Shepard takes off and lands vertically, in contrast to the mother-ship deployment of SpaceShipTwo. New Shepard made its first flight on July 20,with a crew….
Although in the vernacular e-commerce usually refers only to the trading of goods and services over the Internet, broader economic activity is included. E-commerce consists of business-to-consumer…. History at your fingertips. up here to see what happened On This Dayevery day in your inbox! address. Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox.Native Albuquerque New Mexico american women nude
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