Dubai, United Arab Emirates (CNN) – When we look at the size of Amazon today, it’s hard to remember that in 1994, it was just a small company that started out in the garage of its founder’s house.
Back then, Jeff Bezos and his early staff were packing books and taking them themselves to the post office. Even after the company built warehouses to store its products, and thus became a business with real revenues and real assets, many investors questioned “Amazon” as they described it as another dream in the Internet world, which will die after being devoured by major bookselling companies such as “Borders” and ” Barnes & Noble. “
Instead, Borders filed for bankruptcy protection in 2011 and has since closed hundreds of stores, while Barnes & Noble is still teetering among its peers in the market.
Today, Amazon has moved to sell all kinds of products and expanded across several mediums, with various services that suit almost everything imaginable. The company accounted for about half of its online retail sales in 2018, according to eMarketer.
In the above infographic, here is the journey of this exceptional company from its first day in the garage of the home of its founder, Jeff Bezos, until the day he steps down from the CEO position in early February of 2021.