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
It's part of the territory with Internet stocks, that kind of volatility. It can be up 30 percent one month, it can be down 30 percent in a month, and a minute spent thinking about the short-term stock price is a minute wasted.
It's a great example of Amazon's relentless commitment to finding new and innovative ways to surprise and delight customers and deliver an unparalleled online experience,
The most aggressive of them all was to make shipping free for orders over $25, ... So $25 is a very low hurdle for customers to cross -- almost every order can qualify.
It's getting easier and easier to do amazing things from wherever you happen to be in the world. You can physically be anywhere as you do it, and you can affect the entire world with what you build.
The earth's most customer-centric company is figuring out what the customer wants and how to give it to them, ... By offering a universal selection of products, we can do something online that you could never do in the physical world.
The key thing about a book is that you lose yourself in the author's world.
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 has the potential to be bigger than anything we've ever done.
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.
You want your customers to value your service.
I think the definition of a book is changing.
If you're not doing something that people will remark on, then it's going to be hard to generate word of mouth.
I definitely believe people should pay for copyrighted works. And the laws are sufficient: They already require you to pay for copyright work. There's no confusion. The problem is...it's a heck of a lot easier to steal MP3s than to buy them.
The three most important things in retail are location, location, location. The three most important things for our consumer business are technology, technology, technology.