Money and Finance
Link to article: Relentless.com
Related book: The Everything Store (Kindle, Audio CD)
- The Secrets Of Bezos: How Amazon Became The Everything Store
Amazon.com rivals Wal-Mart as a store, Apple as a device maker, and IBM as a data services provider. It will rake in about $75 billion this year. For his book, Bloomberg Businessweek’s Brad Stone spoke to hundreds of current and former friends...
- Jeff Bezos Pays $250 Million For The Washington Post
In an ironic twist for a tycoon whose company has always kept its distance from the press, Amazon founder Jeff Bezos has agreed to pay $250 million cash for The Washington Post. The purchase takes the newspaper out of the hands of the Graham family,...
- How Amazon Trained Its Investors To Behave
In March 2000, Barron's reported that 51 Internet companies were burning cash so fast that they'd be broke by the end of the end of the year. The article (it's behind a seemingly unbreachable paywall) has acquired the reputation of having...
- Taking The Long View
Jeff Bezos, the founder and chief executive of Amazon, owes much of his success to his ability to look beyond the short-term view of things INSIDE a remote mountain in Texas, a gargantuan clock is being pieced together, capable of telling the time for...
- Put Buyers First? What A Concept
When I spoke to analysts and investors, they had all kinds of reasons for Amazon’s performance last year. “They finally reached a point where their R&D spending was not expanding as fast as their revenues,” said Citigroup’s Mark S. Mahaney....
Money and Finance
Amazon: Relentless.com
Link to article: Relentless.com
................At 20 Amazon is bulking up. It is not—yet—slowing downHIGH-TECH creation myths are expected to start with a garage. Amazon, impatient with ordinary from the outset, began with a road trip. In the summer of 1994 Jeff Bezos quit his job on Wall Street, flew to Fort Worth, Texas, with his wife MacKenzie and hired a car. While MacKenzie drove them towards the Pacific Northwest, Jeff sketched out a plan to set up a catalogue retailing business that would exploit the infant internet. The garage came later, in a suburb of Seattle, where he set up an office furnished with desks made from wooden doors. About a year later, Amazon sold its first book.The world saw a website selling books and assumed that Amazon was, and always would be, an online bookshop. Mr Bezos, though, had bigger plans. Books were a good way into online retailing: once people learned to buy books online they would buy more and more other stuff, too. The website would be able to capture much more data about what they looked at and thus might want than any normal shop; if they reviewed things, that would enrich the experience for other shoppers. He saw a virtuous circle whereby low prices pulled in customers and merchants, which boosted volumes, which led to ever lower prices—a “flywheel” that would generate growth for as long as the company put the interests of the customers first. Early on, Mr Bezos registered “relentless.com” as a possible name; if it was a little lacking in touchy-feeliness, it captured the ambition nicely.
Related book: The Everything Store (Kindle, Audio CD)
- The Secrets Of Bezos: How Amazon Became The Everything Store
Amazon.com rivals Wal-Mart as a store, Apple as a device maker, and IBM as a data services provider. It will rake in about $75 billion this year. For his book, Bloomberg Businessweek’s Brad Stone spoke to hundreds of current and former friends...
- Jeff Bezos Pays $250 Million For The Washington Post
In an ironic twist for a tycoon whose company has always kept its distance from the press, Amazon founder Jeff Bezos has agreed to pay $250 million cash for The Washington Post. The purchase takes the newspaper out of the hands of the Graham family,...
- How Amazon Trained Its Investors To Behave
In March 2000, Barron's reported that 51 Internet companies were burning cash so fast that they'd be broke by the end of the end of the year. The article (it's behind a seemingly unbreachable paywall) has acquired the reputation of having...
- Taking The Long View
Jeff Bezos, the founder and chief executive of Amazon, owes much of his success to his ability to look beyond the short-term view of things INSIDE a remote mountain in Texas, a gargantuan clock is being pieced together, capable of telling the time for...
- Put Buyers First? What A Concept
When I spoke to analysts and investors, they had all kinds of reasons for Amazon’s performance last year. “They finally reached a point where their R&D spending was not expanding as fast as their revenues,” said Citigroup’s Mark S. Mahaney....