According to sources, Amazon did not expect to make a profit for four to five years. This comparatively slow growth caused stockholders to complain that the company was not reaching profitability fast enough to justify their investment or even survive in the long-term. The dot-com bubble burst at the start of the 21st century and destroyed many e-companies in the process, but Amazon survived and moved forward beyond the tech crash to become a huge player in online sales. The company finally turned its first profit in the fourth quarter of 2001: $5 million (i.e., 1¢ per share), on revenues of more than $1 billion. This profit margin, though extremely modest, proved to skeptics that Bezos' unconventional business model could succeed.
Bing Shopping was eventually sunsetted in 2013 to be replaced by Bing Product Search, which happens right in the Bing search engine. Microsoft does offer the Shopping Campaigns feature within its advertising suite, which may be the closest alternative for now. Purna Virji, who works at Microsoft, has a helpful webinar on how to make the most of your Bing Shopping Campaigns.
On July 5, 1994, Bezos initially incorporated the company in Washington State with the name Cadabra, Inc. He later changed the name to Amazon.com, Inc. a few months later, after a lawyer misheard its original name as "cadaver". In September 1994, Bezos purchased the URL Relentless.com and briefly considered naming his online store Relentless, but friends told him the name sounded a bit sinister. The domain is still owned by Bezos and still redirects to the retailer.
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This essential book helps you find exactly what you want on the Web in no time flat--without having to struggle with slow downloads or the endless, irrelevant listings on search engines. From well-known giants like Amazon.com to promising upstarts like Plato's Toybox, these sites run the gamut of products and services, size and price. But they all have one thing in common: they're the best the Web has to offer. Inside you'll find