Before you listen to a short radio report on online selling, answer the
1. When and where did
Amazon.com first start?
in London, England.
b) 1995 in Seattle, Washington.
c) 1998 in Los Angeles, California.
2. How much did North Americans spend online last year on goods and
a) two and a quarter billion dollars.
b) fifty-nine million dollars.
c) one hundred seventeen thousand million dollars.
3. In which year did Amazon first record a profit?
4. What is PayPal?
a) An Internet-based company that
processes payments online.
b) An Internet site for buying things by auction
c) An online trading company like Amazon.
Listen to check your answers.
Listen again, read the transcription and write the missing words. Use the
pause button on your media player to give you time to write.
, nineteen ninety-five, a new book
store opened in the American city of Seattle. No one steps
to buy anything. Yet the store, if
you could call it that, had last
year of seven thousand million dollars.
Ten years ago, people bought
things over the Internet. thought
it was safe. Amazon-dot-com many
Ten years later, an seven out of
ten American adults have used a computer to buy something. Market
researchers at comScore Networks
online spending last year at one hundred seventeen thousand million
dollars. That was for and
The person who started Amazon, Jeffrey Bezos, remains its
. In the nineteen nineties he
urged employees to help Amazon "get big fast." Yet Amazon invested in many
similar businesses that .
Amazon lost plenty of money. It did not
until two thousand three. Its
most recent and
report, released last week, was
better than many market watchers had expected.
people can buy not just books and music but also many other products
through Amazon. It with eBay,
which celebrates its tenth birthday in September.
EBay calls itself "the world's online
." It does not sell anything.
Instead, it provides a way for others to sell goods and services. People
who want to buy something make competing offers through online auctions.
Ebay to include several other
businesses. These include PayPal, a company that processes online
As online sellers , traditional
stores saw the future. Today, stores from the smallest to the biggest sell
on the Internet. These the
biggest of all, Wal-Mart.