Amazon Part 4: The Virtual Bazaar
Foundering
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The Future of the Fashion Industry
Peter pharisee and his team threw open the doors of the market place to international sellers. Overnight, the market place tripled in size. It was responsible for more than half of all goods sold on amazon. Sales in north america took off. The annual growth rate jumped from 25% to 33%. Amazon was defying the laws of corporate gravity. As a result, its stock price zoomed,. bazos was vaulted into the ranks of the wealthiest people in the world.
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