AMAZON- THE GROWTH STORY

BUSINESS, World Affairs
Year Milestone
1994 Jeff Bezos quits his job, launches Amazon.  Initial startup capital- his parent’s personal savings
1995 Amazon.com goes online with book sales. Bezos raises an $8 Million round of funding from Kleiner Perkins
1997 Amazon goes public at $18 per share
1999 Bezos named Time Magazine’s “Person of the Year” for popularising online shopping.
2009 Bezos acquires Zappos through  stock swap
2013 Bezos acquires the Washington Post
2015 Amazon surpasses Walmart as the most valuable retailer in the United States
2016 Becomes the fourth most valuable public company, goes offline with its first bookstore in Seattle
2017 Amazon acquires Dubai-based Souq.com, Bezos becomes the second richest person in the world

Amazon founder Jeff Bezos became the second richest person in the world, moving ahead of when Amazon acquired on 29 March acquired Middle East’s largest online retailer, Souq.com. According to Bloomberg, Bezos added around $1.5 billion to his fortune (now at $75.6 billion) as his company’s share rose to $18.35 billion as of  29 March.

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South Korea impeaches its President Park Guen-hye

World Affairs

South Korean lawmakers have impeached it’s president Park Geun-Hye over corruption scandal. The National Assembly motion passed by 234 votes to 56. Park was accused of “influential peddling”. South Korea is fourth largest economy in Asia. Prime Minister of South Korea Hwang Kyo-ahn will now become the acting  president. The country will now witness snap elections in two months. 

Quotes by the Cuban Revolutionary Fidel Castro

World Affairs

The revolution is a dictatorship of the exploited against the exploiters.

 

A revolution is a struggle to the death between the future and the past.

 

I am not a communist and neither is the revolutionary movement.

 

Men do not shape destiny, Destiny produces the man for the hour.

 

I am Fidel Castro and we have come to liberate Cuba.

 

I can assure you that my first and foremost interest is my country.

Another powerful earthquake rocks Fukushima

World Affairs

Japan’s Fukushima and Miyagi prefectures were struck by an earthquake of 7.4 magnitude on November 22.

The quake struck at about 06:00 local time (21:00 GMT Monday), the Japan Meteorological Agency said.

Residents were told to seek higher ground immediately, with warnings of waves of up to 3m. There were reports of minor injuries and damage.

An earthquake and tsunami struck the same area in 2011 killing more than 18,000 people.

That quake, one of the most powerful ever recorded, also caused a meltdown at the Fukushima nuclear power plant, where a massive clean-up operation is still going on.

Officials have said there is no sign of damage to the plant this time.

First Lady Michelle Obama called as an ‘Ape in heels’

World Affairs

The mayor of Clay, West Virginia, has resigned over a racist Facebook post that compared first lady Michelle Obama to an “ape in heels.”
 Pamela Taylor, worked as director of the Clay County Development Corporation and wrote on Facebook: “It will be refreshing to have a classy, beautiful, dignified First Lady in the White House. I’m tired of seeing an ape in heels,”.

To this Mayor Beverly Whaling commented on the post saying: “Just made my day Pam,”.

Whaling has now resigned, but it is not know if Taylor was terminated or resigned her post. 

Hillary blames FBI chief’s letters for her loss

World Affairs

Hillary Clinton claimed that the two letters from James Comey , the head of Federal Bureau of Investigations (FBI)  to members of Congress in the run-up to the presidential election, led to her loss in the last week.

Hillary made the statement on Saturday during a conference which consisted of donors who had contributed $1,00,000 or more towards her election campaign.

She said she was confident on winning the election until the FBI chief’s letters turned the direction of the campaign.

Meanwhile, few opinion polls had suggested that neither the FBI letters nor the taped conversations featuring Mr Trump bantering about his controversial behaviour with women made much impact on the voters’ preferences which were decided much earlier in large part.

Donald Trump vows to ‘deport illegal immigrants’

World Affairs

Speaking at his first interview since his victory, US president-elect Donald J Trump promsied to immediately deport 2 to 3 million illegal immigrants living in America.

The central theme of his presidential campaign was eliminating illegal immigrant across United States.

Donald has also vowed to build a wall across US-Mexico border to secure the country’s border. Donald will be sworn into power in  January 2017.