Amazing things about Amazon.com

This American e-commerce company was incorporated by Jeff Bezos in 1994.Its initial services were restricted to an online bookstore, Cadabra.com but soon afterwards it diversified its products and started selling VHSs, CDs, VCD’s, DVDs, computer software, apparel, electronic items, toys, grocery etc and the list goes on. It started with selling products over the Internet. Being traded as AMZN in NASDAQ; it was one of the hot stocks of dot.com bubble in the late 1990’s.Initially a lot of critics were skeptic about this business model and it took a while for amazon.com to set the cash registers ringing. This company registered its first annual profit only in 2003 and since then there was no looking back. The company continued to make profits and generated revenue of about US$ 15 billion approx in 2007. According to Citigroup analyst Mark Mahaney, "Amazon has one of the best fundamental outlooks among all U.S. Internet stocks going into 2008."It is indeed quite blatant that Amazon's stock has climbed 143.9% since the start of last year. The headquarters of this retail giant is located in Seattle, Washington.It has also established its presence in many other countries which include United kingdom, France, Canada, Germany, Austria, China and Japan. Currently Amazon provides global shipping only on selected products. I am sure you must have heard of IMDB, which provides an online database to almost all the movies worldwide. Well, this company was bought by Amazon in 1998.For a list of all its acquisitions you refer to the internet. It would be beneficial to the consumers if this online retail giant can extend its global shipping on many more products. I would also like to see Amazon to start its operation in India soon. Will that happen? Let’s wait and watch