AmazonBasics will -- at least initially -- offer consumers AV cables, blank DVD media and other inexpensive doodads for not much cheddar. Everything the outfit sells through this initiative will ship in frustration-free packaging, and Bezos has already committed to expanding the line "in the coming months."
BIGNESS Revenue (2011): $48 billion Market Capitalization: $83 billion 152 million active customer accounts2 million seller accounts
HISTORY 1994: founded in Jeff Bezos’s garage Originally called Cadabara.com Orders from all 50 U.S. states and 45 countries in first month. 1997: IPO, (AMZN) $18/share 1998: Opened music/video stores 2004: Amazon Web Services 2007: Amazon Kindle
NOTEWORTHY"Not only do you have to avoid the bad ideas, but you have to avoid many of the good ideas for reasons of focus.“ – Jeff Bezos.
RECENT EVENTS Kindle Fire Amazon Silk Amazon Publishing As of last week… Licensing agreement with Viacom
AMAZON PRIME Instant streaming of movies & TV CBS, Fox, PBS, NBCUniversal, Sony, Warner Bros, Disney-ABC Television, Viacom Instant access to thousands of Kindle titles Free two-day shipping $79/year Netflix & Hulu - $8/month ($96/year)