Posted by: Joshua Wood
Forbes seems to think so. Amazon’s Bezos is not afraid to take a risk or a loss today for gains in the future.
It’s paid off.
While Amazon used to be the place to go for books, it has become a massive and trusted online marketplace and portal for pretty much everything… new and used.
Regarding Bezos, Forbes states that ten years ago, “he was roundly mocked for having a business that supposedly could never show a profit, and yet it was because of those investments that Amazon survived the dotcom busts and became the most profitable online retailer.” Full Forbes Article
I know that when my wife or I plan to order something – a cable, kitchen appliance, birthday gift or a book, the first place we head is Amazon. While what we order may ultimately come from another supplier, we’ve used Amazon Marketplace and, in the end, often don’t even know the name of the actual shipper. Amazon is the name we know and trust.
What will Bezos envision next? I don’t think we were ever able to predict Jobs’s next move. If Jeff Bezos can dream like Steve Jobs did, then he’s definitely a man to watch on the tech front.
Until next time,