Jeff Bezos left a job at Wall Street, only to give a chance to what was in his gut instinct, an idea that was to be the future. In a small garage in Seattle, Bezos laid the foundation for what we know today, as Amazon.
A man whose company has a net worth that has just crossed $150 billion, had in the past, surprisingly considered the ratio of his success to being only 30% and made a handful of mistakes along the way. We have compiled for you, a list of the major Business failures that Amazon has foreseen.
Despite all these failures, Bezos strived towards success and innovations, marking his name and that of his company down in history.
Amazon Fire Phone
One of the major fails was its very own Fire Phone which was brought to the people in 2014; a smartphone that caused a loss of around $170 million. It failed so terribly that its price dropped all the way down to 99 cents from $199.