Once asset-light, these days Amazon's balance-sheet looks heavier than a Soviet tractor factory
of 1995 Jeff Bezos was a skinny obsessive working in a basement alongside his wife, packing paperbacks into boxes. Today, 25 years on, he is perhaps the 21st century’s most important tycoon: a muscle-ripped divorcé who finances space missions and newspapers for fun, and who receives adulation from Warren Buffett and abuse from Donald Trump. Amazon, his firm, is no longer just a bookseller but a digital conglomerate worth $1.
All this might appear to fit the script Mr Bezos has written over the years in his letters to shareholders, which are now pored over by investors as meticulously as those of Mr Buffett. He argues that Amazon is in a perpetual virtuous circle in which it spends money to win market share and expands into adjacent industries. From books it leapt to e-commerce, then opened its cloud and logistics arms to third-party retailers, making them vast new businesses in their own right.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Amazon CEO Jeff Bezos tells employees to cancel meetings on Juneteenth - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Lire la suite »
Read the memo Jeff Bezos sent to Amazon employees about JuneteenthBezos urged Amazon employees to cancel all meetings on Juneteenth, a day that commemorates the end of slavery in the U.S.
Lire la suite »
Skeptical lawmaker pushes Bezos for answers on Amazon moratorium on facial recognition techAmazon announced last week the moratorium on police use of 'Rekognition' software because of concerns that the technology has racial and gender bias.
Lire la suite »
Coupang, a SoftBank-backed start-up, is crushing Amazon to become South Korea's biggest online retailerFounded in 2010, Coupang has become the biggest online retailer in South Korea with its cheap, fast delivery. The SoftBank-backed start-up, recently valued at $9 billion, garnered the No. 2 spot on CNBC's 2020 Disruptor 50 list.
Lire la suite »
Some Amazon villagers eschew drugs for COVID-19, take 'toothache plant' herbal teaSome villagers in the eastern Amazon are spurning Brazilian government advice to take the malaria drug hydroxychloroquine to keep the novel coronavirus at bay and are drinking tea of jambú, also known as the toothache plant.
Lire la suite »
Facebook, Google and Amazon CEOs willing to testify in antitrust probeRepresentatives for Mark Zuckerberg, Sundar Pichai and Jeff Bezos indicated the executives are open to testifying about the influence of big tech.
Lire la suite »