Jeff Bezos
Jeff Bezos
Jeffrey Preston "Jeff" Bezosis an American technology entrepreneur and investor. He has played a role in the growth of e-commerce as the founder and CEO of Amazon.com, an online merchant of books and later of a wide variety of products and services, most recently video streaming. Amazon.com became the largest retailer on the World Wide Web and a model for Internet sales...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth12 January 1964
CityAlbuquerque, NM
CountryUnited States of America
While free shipping is expensive for the company, it saves our customers tens of millions of dollars each quarter, and we plan to keep it in place indefinitely,
We get to move more units across that same fixed-cost structure. So it does help our business and help customers at the same time,
We're very proud of the year over year growth that we did see. At the same time, we made progress in our operating loss as a percentage of sales, which is something we really wanted to do.
We have had so many discussions with so many different publishers that it isn't practical to keep it under wraps, ... Too many people know about it.
We'll ferociously manage the products we carry so that we sell only products that are profitable, ... The thirty-pound box of nails isn't long for our world.
We're standing behind the transaction with our own pocketbook,
To our customers around the world--thank you. We are grateful to our customers for shopping with us this holiday season and we wish everyone a happy new year.
We believe that over time this could turn into a significant business for Amazon, significant revenue stream for publishers and authors and a helpful customer service for readers,
With this launch, our goal is to give customers the Amazon.com experience -- everything from one-click shopping and helpful information to the high level of customer service we traditionally provide -- in the two important categories of toys and electronics.
We were hoping to build a small, profitable company. And of course, what we've done is build a large, unprofitable company.
We feel strongly that copyright holders should get to make these decisions.
You have to remember that in the Internet sector, the Internet companies' share prices have been volatile not just in the last week, but over the last couple of years. That's likely, I think, to continue.
We see this as a win-win-win situation: good for readers, good for publishers and good for authors.
We've had three big ideas at Amazon that we've stuck with for 18 years, and they're the reason we're successful: Put the customer first. Invent. And be patient.