In July 1995, the company began service as an online bookstore. The first book sold on Amazon.com was Douglas Hofstadter's Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought. In the first two months of business, Amazon sold to all 50 states and over 45 countries. Within two months, Amazon's sales were up to $20,000/week. In October 1995, the company announced itself to the public. In 1996, it was reincorporated in Delaware. Amazon issued its initial public offering of stock on May 15, 1997, at $18 per share, trading under the NASDAQ stock exchange symbol AMZN.
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Piper Jaffray’s report also broke down the popularity of Amazon based on household income. It found that the Seattle retail giant is the favorite among teens from upper-income families (with an average income of $101,900), it also saw strong growth in the $41,000-$68,000 household income bracket. Piper Jaffray says this may be a sign that Amazon’s efforts to convert lower-income consumers is working.
October is almost over but the killer daily deals are just beginning. Highlights from today’s roundup include the best-selling SanDisk microSD card on Amazon’s whole site with 128GB capacity for just $23, a $15 discount on the most popular Instant Pot on the planet, Amazon’s top-selling fast wireless charging pad for only $15, rare discounts on Blink indoor home security cameras and Blink XT weatherproof cameras (both with 2-year battery life!), $45 for a box that instantly turns any normal wall outlet into a gigabit Ethernet port, $38 for a home security camera with features you won’t find on a $199 Nest Cam, a $36 pad that wirelessly charges three devices at once, discounts on all of Amazon’s new Fire tablets, and so much more. See all of today’s top deals below.