AfternoonTea & English

Сегодня компания Амазон догнала своего основателя и стала самой дорогой в мире, ей мы и посвятим вторничное чтение #tuesday_reading

Amazon, formed 25 years ago, has eclipsed Microsoft to become the world's most valuable listed company.

The online giant was worth $797bn (£634bn) when the US stock market closed on Monday after rising 3.4% and moved past Microsoft, valued at $789bn.

Jeff Bezos, the founder of Amazon, is the world's wealthiest man, with riches of $135bn, according to Bloomberg's billionaire index.

Founded by Mr Bezos in 1994, Amazon started life as a niche second-hand book seller and has become an online retailer of items ranging from fresh food to clothes.

The firm was created in a garage in a suburb of Seattle, Washington.

It was originally called "Cadabra," (as in "abracadabra") and in 1995 sold its first book. By early 1996, Amazon was selling books online throughout the US. The business was floated on the stock exchange in 1997, raising $54m.

For more than a decade, the company put growth ahead of profit, investing in warehouses, distribution networks and data systems. It has also emerged as a major creator of original entertainment content, producing original drama series. In addition, it has won the rights to broadcast live sporting action, such as football from England's Premier League and ATP tennis. The firm has developed a raft of other products and services, including the Kindle e-reader and Alexa virtual assistant, among others.

NEW WORDS:

📈eclipse — затмить

📈Bloomberg's billionaire index — ежедневный рейтинг самых богатых людей мира

📈suburb — пригород

📈stock exchange — фондовая биржа 📈warehouse — склад

📈distribution network — дистрибьюторская сеть

📈data system — система данных

📈emerge — появляться, возникать,

📈broadcast — вещать, транслировать

https://www.bbc.com/news/business-46793466