Jeff Bezos’ letter to shareholders

#1

Post by adamsi » Fri, Apr 08, 2016, 3:12 AM UTC

Jeff Bezos’ letter to shareholders
sec.gov

Re: Jeff Bezos’ letter to shareholders

#2

Post by ww520 » Fri, Apr 08, 2016, 3:46 AM UTC

It's very telling that he devoted a large portion of the letter on AWS.

Re: Jeff Bezos’ letter to shareholders

#3

Post by shuri » Fri, Apr 08, 2016, 3:48 AM UTC

You have to love this sentence "We want Prime to be such a good value, you’d be irresponsible not to be a member."

Re: Jeff Bezos’ letter to shareholders

#4

Post by kopos » Fri, Apr 08, 2016, 3:53 AM UTC

His point about Type 1 and Type 2 decisions - so telling. Been there, seen it in action. Every line of the letter was so well thought out.

And he is big on India! Flipkart has a lot to worry about.

Re: Jeff Bezos’ letter to shareholders

#5

Post by kopos » Fri, Apr 08, 2016, 3:53 AM UTC

His point about Type 1 and Type 2 decisions - so telling. Been there, seen it in action. Every line of the letter was so well thought out.

And he is big on India! Flipkart has a lot to worry about.

Re: Jeff Bezos’ letter to shareholders

#6

Post by kahwooi » Fri, Apr 08, 2016, 3:54 AM UTC

Amazon isn't making any money yet. Maybe in future they will make some. I don't like using AWS (I just don't know why), I prefer Microsoft Azure and Digital Ocean.

Re: Jeff Bezos’ letter to shareholders

#7

Post by [deleted] » Fri, Apr 08, 2016, 3:55 AM UTC

[deleted]

Re: Jeff Bezos’ letter to shareholders

#8

Post by kahwooi » Fri, Apr 08, 2016, 3:56 AM UTC

Amazon isn't making any money yet. Maybe in future they will make some. I don't like using AWS (I just don't know why), I prefer Microsoft Azure and Digital Ocean.

Re: Jeff Bezos’ letter to shareholders

#9

Post by peteretep » Fri, Apr 08, 2016, 3:57 AM UTC

Help me understand how:

"We learned from our failures and stayed stubborn on the vision"

isn't mutually exclusive

Re: Jeff Bezos’ letter to shareholders

#10

Post by msandford » Fri, Apr 08, 2016, 3:57 AM UTC

kahwooi wrote: post #6

Amazon isn't making any money yet. Maybe in future they will make some. I don't like using AWS (I just don't know why), I prefer Microsoft Azure and Digital Ocean.

> Amazon isn't making any money yet.

Amazon makes TONS of money. They aren't currently returning any of it to shareholders as profits, they're continuously reinvesting it in the company.

The difference between gross profit and net profit is how much Amazon is spending on building new businesses that after a few years start grossing $10b a year in sales like AWS. That got funded out of the gross profits from regular Amazon retail operations.