August 18: Growth of the internet

More than half of the worlds population now uses the internet to buy, browse and learn.

Source: Internet World Stats
Published: June 2020

Growth of the internet

Interviewer: What propelled you to say I’m quitting my job at a hedge fund (DE Shaw) and I’m going to start a company selling books via the internet?

Jeff Bezos: In 1994 I came across the fact that the worldwide web was growing at 2,300% a year. Anything growing that fast is going to be big. I decided to come up with a business idea where the internet could grow around it. I picked books because there are more items in the books category than any other category.

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