Amazon’s 1994 launch offered “proof of concept” for e-commerce
Share Now on:
Exactly 25 years ago today, a company called “Cadabra” (as in Abracadabra) incorporated in Washington State. A few months later it would change its name to Amazon. A quarter-century later, it’s the world’s largest retailer, worth almost a trillion dollars, with side businesses that stretch across industries, while thousands of brick-and-mortar stores have closed around the U.S.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.