Amazon hadn’t made a profit in the first six years of operation. Launched in 1994, the company showed profit in the books only in the last quarter of 2001.
Facebook bought their domain name facebook.com from AboutFace Corporation in 2005 for $200,000. The site had originally run on thefacebook.com. Later in 2010, the social networking giant spent $8.5 million to buy FB.com from American Farm Bureau Federation. FB is how Facebook is referred to by web users! [more...]