We were hoping to build a small, profitable company. And of course, what we've done is build a large, unprofitable company.
More Quotes from Jeff Bezos:
There are two ways to extend a business. Take inventory of what you're good at and extend out from your skills. Or determine what your customers need and work backward, even if it requires learning new skills. Kindle is an example of working backward.Jeff Bezos
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,
Jeff Bezos
After all, analysts and investors alike have demanded for months that Amazon. com boost the company's value by selling more than just books and compact discs. We are interested in anything where we can revolutionize the buying experience, ... Our vision has been to build a place to find anything.
Jeff Bezos
The killer app that got the world ready for appliances was the light bulb. So the light bulb is what wired the world. And they weren't thinking about appliances when they wired the world. They were really thinking about - they weren't putting electricity into the home. They were putting lighting into the home.
Jeff Bezos
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,
Jeff Bezos
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.
Jeff Bezos
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