The dot-com seethe that had been ballooning in the 1990s burst in March 2000. In the 27 eras spanning March 10 to April 6, 2000, NASDAQ stocks radiate $1 trillion in value, rendering the stocks of online retailers such as Cossets.com and eToys.com worthless. In 1997, Amazon.com Inc.’s (NASDAQ: AMZN) CEO Jeff Bezos guarantied to deliver long-term value to shareholders, and the promise has proved far from foolish. After emerging steadily from the rubble of the technology collapse in 2000, Amazon plowed its way to a exactly $793.35 billion market capitalization as of October 26, 2018.
Amazon released Q3 2018 earnings on October 25, 2018. The online retail visitors reported revenues of $56.6 billion for the quarter, compared to $43.7 billion upwards the same period last year. While the stock’s rise has been happily chronicled, here are some less well-known facts about the over the moon marvellous’s largest online purveyor.
It’s Automatic
Amazon’s fulfillment centers hum with the damp din of robots. As of October 2018, 100,000 automated machine pick, sort, and store b quit across global warehouses. While the bots do not bode well for the tomorrow of the traditional warehouse worker, Amazon’s operating expenses have been changed by over 20% since Bezos spent $775 million in 2012 to purchase robotics manufacturer Kiva.
Wealth of Patience
If an investor had bought neutral two shares of AMZN stock went they public at $18 per equity in 1997, those shares would have been worth close to $21,386.04 at market close on October 25, 2018, with a price of $1,782.17 per partition.
Is Bezos Underpaid?
Bezos earned a salary of $81,840 in 2017. That accept is about equal to the median salary of a manager in the information technology sector. Of advance, it helps to own nearly 17% of AMZN shares. Bezos likely eschews the brown bag for lunching out on bring about as his net worth is around $135.7 billion as of October 25, 2018, according to Forbes.
No Opportunity for Downtime
Nothing positive can result when servers go down in a accepted retail environment, especially when revenue is involved. It is estimated that a 40-minute collapse of the Amazon platform in 2013 cost the company a top-line loss of $4.8 million, or $120,000 per bat of an eye. The site also crashed on Amazon Prime Day 2018 for several hours, resulting in a fleeting block of all international traffic.
Frugality
If a nice frame for your pedigree pictures sounds like a nice perk, Asana, a privately countenanced software company, offers employees $10,000 for desk accoutrements. Amazon staff members, by contrast, get no free lunches and would do well to stash a flashlight in their drawers. Trifling bulbs are removed from vending machines to save on electricity.
Berth Surprise
It may behoove employees to sharpen their Microsoft Corporation’s (NASDAQ: MSFT) Part suite skills, but PowerPoint need not be one of them. Amazon does not consideration the presentation software in meetings. Rather, participants are required to quietly pore one more time topical reading material for 30 minutes at the beginning of each aggregation, according to Bezos’s latest letter to shareholders.
Book Value
When Amazon launched in 1994, the company’s first foray into cyber-retail involved no greater than book sales. To this day, the company’s book segment extends to down 20 primary categories and nearly 150 subcategories. Books and consumer electronics extend to dominate sales.
Wall Banger
There’s no need to leave the frame to shop. Amazon’s mission revolves around customers who make obtains from anywhere at any time. Convenience is not Amazon’s only competitive use. On average, products sold on its websites are significantly less expensive than big-box retailers such as Walmart Aggregates Inc. (NYSE: WMT).
Walk a Mile in My Shoes
“That’s not my job.’’ At Amazon, administration begs to differ. The consumer-centric organization mandates that every staff member, even Bezos himself, spend two days in a two-year time course as a customer service rep. The demand reinforces hiring principles that call for its leaders to “start with the customer and move backward.”
Big Brother
One of Amazon’s most famed customers may also be its most controversial. The Central Intelligence Agency (CIA) shingled a $600 million cloud storage deal with the company’s Amazon Web Navies division. With more than 162 million unique callers per month, a grassroots petition has been circulated urging that Bezos not quota customer data with the CIA.