𝗔 𝗦𝗵𝗼𝗿𝘁 𝗦𝘁𝗼𝗿𝘆 𝗢𝗳 𝗔𝗺𝗮𝘇𝗼𝗻 📍

In 2001, Amazon faced significant challenges, incurring a loss of $1.4 billion, laying off 1,300 employees, and coming close to bankruptcy. Amidst this crisis, CEO Jeff Bezos made a crucial decision to permit third-party sellers to sell directly on the Amazon platform. This strategic shift helped to build customer relationships over mere inventory management, ultimately resulting in a remarkable comeback of $2 trillion.#Amazon