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Medial • 7m
In 2001, Amazon was imploding. $1.4 Billion lost. 1,300 fired. Weeks from bankruptcy. Then Bezos made a controversial move Wall Street called "business suic*de." Here's how that ONE decision sparked a $2 TRILLION comeback: Imagine losing $1 million every single day. Your stock has crashed 90%. Wall Street calls you "Amazon.bomb." This was Amazon in 2001. Their survival plan? Do the unthinkable... Bezos had a plan: The most controversial decision in Amazon's history: Instead of trying to protect their brand... He would open Amazon's platform to their competitors. Other retailers could now sell directly on Amazon. Everyone thought he was crazy. But Bezos saw something nobody else did: The future of retail wasn't about owning inventory... It was about owning the customer relationship. This strategy was brilliant: • Let competitors handle inventory costs • Use their products to attract more customers Q4 2001: first-ever profit. $5 million might seem small but model works.
Mastering the Game o... • 10m
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 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
See MoreFiguring Out • 12m
Notable events in business and tech history that took place today, years ago! July 8, 2014: Microsoft Announces 18,000 job cuts which was the largest layoff of that time! This was mainly due to Nokia integration. July 8, 2020: Amazon's market cap m
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