May 9, 2024

In November 2000 the Nasdaq was at the 6,000 mark, just starting to shed the internet companies that had been overvalued and would eventually lead to the bursting of the internet bubble. Amazon’s stock price at the time was $1.25. And in this environment, it launched an online experience for sole proprietorships and small business called Amazon Marketplace, which started as a destination for collectibles and rare items.

But someone saw limitless potential.

“We’re only beginning to understand how Amazon Marketplace can channel that demand to benefit customers, manufacturers, publishers, artists and the industry as a whole,” Amazon founder and then-CEO Jeff Bezos said at the time. “We’re confident that this model will continue to evolve, and believe it has...

Today's Sponsors


Today's Sponsor


Topics: Provider, Retailer
Walmart and Amazon Race to Digitize the Physical Store
The closure of Walmart Health: 5 key notes
Walgreens' US health president: Stop conflating retailers' healthcare businesses
Mark Cuban company teams with 2,000 grocery stores
What retailers might do next on health care

Share This Article