![]() The company completed many acquisitions in the late 90s including PlanetAll, IMDB, Alexa, CD Now and ![]() ![]() ![]() The company is publicly traded on the NASDAQ under the ticker symbol AMZN. In 1996, the company reincorporated in Delaware and by 1997 had its IPO. Amazon survived the dot.com crash of 2000 and turned a profit for the first time in 2001. The original business plan was working under the assumption that the business would not make a profit for 2 to 5 years. Within two months, sales were over $20,000 per week. The company was run out of Bezos’ Bellevue, Washington garage and was an online bookstore. The original company was called Cadabra, which Bezos later changed to Amazon. He quit his job and moved to Bellevue, Washingon, to start his original business idea in 1994. Shaw and Company, a prestigious Wall Street Firm, when he decided that he didn’t want to have regrets later on for not trying his hand at the booming internet business of online sales.
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