How Amazon Turned A Profit

from the changing-with-the-times dept

The most amazing thing, to me, about Jeff Bezos was that he never (publicly, at least) took all the post-boom Wall Street naysayers to task for completely changing their minds in 2000 and 2001. For years, Wall Street was telling Bezos to grow faster and faster and not to worry about profits - and he did so. Then, suddenly, as the dot com bubble collapsed, they started yelling at him "but where are your profits?" even though they were the same ones who were telling him to forget about profits the month before. To his credit, Bezos (calmly) appears to have turned the big ship Amazon around, and is now meeting the profitability standard that Wall Street now values. While there are a ton of stories talking about Amazon's earnings announcement (yes, they were profitable for the year last year), the Seattle Post-Intelligencer has a much more interesting article talking about how Amazon has managed to change over the years to make all of this possible.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.