Figuring Out • 1y
Amazon: The company which changed how Startups operate! So, Amazon wasn't the first company which operated as a Typical Startup but it was actually the first one to do it at huge scale. Just look at the revenue and profit figures REV LOSS 1996: $16m $6m 1997: $148m $32m 1998: $610m $126m 1999: $1640m $835m So jeff was also asked about this in an interview with Jay Leno in 1999. When Jay asked Jeff about the company's losses, everyone including Jeff and Jay were laughing at Amazon's financials. So to this Jeff said that 'it's not a new phenomena', 'We are investing in the future', 'What's suprising is the scale at which amazon is doing this. We are doing this at a massive scale' So that's why Amazon is probably the startup responsible for how the startups operates today. Anyways, the real question now is that Who is Laughing at Amazon's Financials Today?
Mastering the Game o... • 11m
How is Jeff Bezos So Rich with Only 9% of Amazon? Jeff Bezos's net worth is substantial even though he owns only about 9% of Amazon because of several key reasons: 1. Amazon's Market Capitalization: For instance, if Amazon's market cap is $1.5 tril
See MoreWork on your ideas • 1y
Jeff Bezos emphasizes the value of focusing on what won't change: At Amazon, the commitment to low prices, fast delivery, and vast selection is timeless. By concentrating on these constants, businesses can invest in improvements that continuously en
See MoreHonorary Mentions - ... • 1y
Insight Discovery! — Amazon In the early 2000s, Amazon's data team noticed a trend: customers frequently purchased certain items together, even if they didn't search for them initially. Amazon realized that understanding these purchase patterns cou
See MoreAI did the magic • 11m
"Amazon's Fire: A Burnout" - High Expectations: Amazon launched the Fire Phone with hopes of revolutionizing the smartphone market. - Initial Buzz: The unique features, like 3D Dynamic Perspective and Firefly, grabbed attention. - Price Point: At
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