In 1994, a successful hedge fund executive on Wall Street started Amazon with a vision to deliver books to people around the world. His name is Jeff Bezos, and his company has become a dominating force in an age of e-commerce and product development.
While Amazon’s success is widespread now, it wasn’t always that way. Critics vehemently attacked the legitimacy of the business in its early years, citing inability to compete in the long term with established booksellers such as Barnes and Noble.
https://startupmindset.com/amazons-business-model-4-ways-amazon-makes-money-and-how-much-it-makes/
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