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
We were hoping to build a small, profitable company. And of course, what we've done is build a large, unprofitable company.
Internet company stocks in general are very volatile, and Amazon is definitely included in that,
In September, 6 of the 10 top-selling items on Amazon.com were from our electronics store.
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.
Improvements in the year 2000 will not only be visible in terms of new products and services but should also likely be visible financially as well.
Competition will accelerate in 1999, ... We still believe it is impossible to keep the pronounced bookselling market share lead over the long term.
perhaps the most expensive thing we've done since free Super Saver shipping.
I'm barely making ends meet. How can I start a business?
For the fifth consecutive quarter, we saw substantial improvements in our operations and bottom-line performance, ... Electronics demonstrated especially strong growth and improvements.
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,
I've always been at the intersection of computers and whatever they can revolutionize.
In January, we shifted money from TV and print advertising to customers through lower prices and free shipping, ... We're pleased with the results.
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'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.