Jeff Bezos
Jeff Bezos
Jeffrey Preston "Jeff" Bezosis an American technology entrepreneur and investor. He has played a role in the growth of e-commerce as the founder and CEO of Amazon.com, an online merchant of books and later of a wide variety of products and services, most recently video streaming. Amazon.com became the largest retailer on the World Wide Web and a model for Internet sales...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth12 January 1964
CityAlbuquerque, NM
CountryUnited States of America
We will continue to invest in systems, people and product expansion, each of which helps us better serve customers, ... For the rest of 1999, we expect to invest more heavily than we have in the past.
Our role is to help people discover music,
We believe that over time this could turn into a significant business for Amazon, significant revenue stream for publishers and authors and a helpful customer service for readers,
With this launch, our goal is to give customers the Amazon.com experience -- everything from one-click shopping and helpful information to the high level of customer service we traditionally provide -- in the two important categories of toys and electronics.
We get to move more units across that same fixed-cost structure. So it does help our business and help customers at the same time,
These price cuts ... do pressure our margins, but at the same time what they do is drive a lot of volume which helps us because we have a high fixed-cost structure,
We lowered prices so significantly over the last 15 months, there have been five significant price reductions,
We're trying to build the most customer-centric company in the world, ... I genuinely believe the balance of power online shifts away from the merchant toward the consumer.
We think this is a win, win, win for publishers, authors and customers.
We think this is a big deal, ... If we can bring the world of books to customers, wherever they happen to be, that's a worthwhile thing to work on.
While free shipping is expensive for the company, it saves our customers tens of millions of dollars each quarter, and we plan to keep it in place indefinitely,
We feel strongly that copyright holders should get to make these decisions.
You have to remember that in the Internet sector, the Internet companies' share prices have been volatile not just in the last week, but over the last couple of years. That's likely, I think, to continue.
This single individual completely changed something. That's the kind of thing people can do anywhere. They can do it in Seattle; they can do it in North Dakota.