How did Amazon, which started by selling books online, morph into a diversified online giant boasting $34 billion in annual revenue? Erick Schonfeld with TechCrunch posted a fantastic slideshow created by global consulting boutique faberNovel that brings to light a myriad of fast facts you might not have known about Amazon, which is now responsible for one-third of e-commerce transactions in the United States.
You might not know that Amazon:
- Hired two Walmart executives to create an immensely successful digital-driven supply chain and was sued for violating trade secrets law in 1998.
- Owns a pile of popular sites, such as Drugstore.com, Zappos and IMDb, while Amazon Web Services drives many successful companies, such as Dropbox, Foursquare and Yelp.
- Expects its cloud computing business to grow even bigger than its retail activities.
Read more interesting facts, including the three keys to Amazon’s success, at TechCrunch.