Jeff Bezos

Do you know why Jeff Bezos decided to sell books, and not CDs, online 22 years ago? A rediscovered 1997 video has revealed why he chose books over CDs to be Amazon`s first product.

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Amazon founder and chief executive Jeff Bezos lost his title as the richest man in the world during after-hours trading on Thursday, after his ecommerce behemoth reported lackluster third-quarter earnings.

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