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
These price cuts ... do pressure our margins, but at the same time what they do is drive a lot of volume which helps us because we have a high fixed-cost structure,
This is a long-term contractual alliance, ... This is quite different from a merger. We don't know anything about running physical stores, our strategies are different and we are focused on a broad array of products, not just one.
We are very grateful to our customers for choosing Amazon.com as their online music store so quickly. We work hard to earn the confidence of our customers.
If you double the number of experiments you do per year you're going to double your inventiveness.
One of the huge mistakes people make is that they try to force an interest on themselves. You don't choose your passions; your passions choose you.
I think technology advanced faster than anticipated. In that whirlwind, a lot of companies didn't survive. The reason we have done well is because, even in that whirlwind, we kept heads-down focused on the customers. All the metrics that we can track about customers have improved every year.
I wouldn't be surprised if history records Tim Berners-Lee as the second Gutenberg.
Part of company culture is path-dependent. It’s the lessons you learn along the way.
Are you lazy or just incompetent?
The balance of power is shifting toward consumers and away from companies The right way to respond to this if you are a company is to put the vast majority of your energy, attention and dollars into building a great product or service and put a smaller amount into shouting about it, marketing it.
The three most important things in retail are location, location, location. The three most important things for our consumer business are technology, technology, technology.
Ultimately for each individual book, pricing will be up to the copyright holders, ... The copyright holders are the ones who get to make these decisions.
What I can tell you is in the first few weeks of this quarter...we are continuing to see good books unit growth,
We will continue to invest in systems, people and product expansion, each of which helps us better serve customers, ... For the rest of 1999, we expect to invest more heavily than we have in the past.