I work at a small software company, and too often our CEO and company will latch onto nuggets from material like this and use it to justify a "swing for the fences", "nothing ventured nothing gained" sort of mindset. All well and good, but they blithely overlook the "we fail all the time" parts, and sometimes we take risks where the potential losses are not easy to absorb, or we don't have the vast resources of a big…
Jeff Bezos’ letter to shareholders
131–140 of 297 posts
Re: Jeff Bezos’ letter to shareholders
#132I work at a small software company, and too often our CEO and company will latch onto nuggets from material like this and use it to justify a "swing for the fences", "nothing ventured nothing gained" sort of mindset. All well and good, but they blithely overlook the "we fail all the time" parts, and sometimes we take risks where the potential losses are not easy to absorb, or we don't have the vast resources of a big…
Re: Jeff Bezos’ letter to shareholders
#133Earlier quoted context omitted.
I honestly don't have the slightest clue how yahoo stays in business. And I don't mean that as rhetoric, either. Other than Bloomberg I don't get where the money comes from. I hope it's not organized crime... I'd probably read a biography of the company out of curiosity.
All I can do is guess, but if you go to their home page take a look at the sidebar. That's a pretty impressive range of services. You can manage your email, buy stuff, check the news, see what's on TV, check the weather. It's AOL but on the web and for non-technical people having one place where you can do everything is probably pretty attractive. Especially if it came set as their web browser home page and they don'…
They need to massively cut costs and write down a lot of their value. Their portal with all their services could easily be a cashflow-positive sustainable business. But because they were once big they're not willing to do what it takes to be sustainable now that they're small; instead they're selling off all the good bits to fund wasteful moonshots.
Re: Jeff Bezos’ letter to shareholders
#134You have to love this sentence "We want Prime to be such a good value, you’d be irresponsible not to be a member."
Then Amazon is going to have to become much much better. I live in London, UK and do not use Prime. I've almost stopped using Amazon altogether now. Why? 1. Delivery - For our flat, their network either fails to deliver, mis-delivers or screws up in some other way far more than they succeed. There is no option to choose the one postal service that shines for my property: Royal Mail. Anything I order from Amazon may t…
Re: Jeff Bezos’ letter to shareholders
#135Stallmans letter to Amazon customers: https://stallman.org/amazon.html
Re: Jeff Bezos’ letter to shareholders
#136Earlier quoted context omitted.
For what it's worth, Germany also has Prime Video.
Yes, but it's probably also the only justification for paying money for prime. I also use it mainly because it's a requirement for their DVD/Blu-Ray rental service. However that got a massive price increase the last month - so I'm considering stopping to use both. Regarding delivery the interesting thing is that before prime emerged nearly all orders here in Germany were delivered on the next day. Then prime came up…
Re: Jeff Bezos’ letter to shareholders
#137Earlier quoted context omitted.
I cancelled it because Amazon's abusing their position. Refusing to sell Chromecast and Apple TV, then lying, repeatedly, about the reason when asked? I've been an Amazon customer for 13 years. I was rather annoyed to see them go with the anti-Wikileaks and try to be "sensitive" by banning certain cultural items. But this shows they've zero commitment to selling products customers want. Edit: And it really hurts. Som…
Wow, TIL Amazon doesn't sell Apple TV or Chromecast, but instead immediately suggests their own competitors. For a company trying to replace all retail, that's pretty lame.
Re: Jeff Bezos’ letter to shareholders
#138Re: Jeff Bezos’ letter to shareholders
#139I see this letter as an attempt at vindication for the controversy sparked by the NYT article on Amazon's corporate culture. Jeff Bezos was clearly affected and I see this as a defense of their "distinctive culture". "For better or for worse" that culture got them to $100 billion in annual sales faster than any company in history.
We venerate leaders like Churchill and Roosevelt because they inspired millions of individuals to act directly against their self-interest and in favor of the organizations that those leaders own and manage. "We will fight on the beaches" sure sounds inspiring, but if it was my intestines bleeding out onto the sands of Normandy, at that exact moment, it wouldn't have quite the same ring. Yet these inspiring words sti…