How Jeff Bezos Is Hurtling Toward World Domination
“The clouds surrounding Amazon.com are thickening,”
began the Washington Post article by David Streitfeld on February 21, 2001.
In the previous year, stockholders had suddenly learned that the
internet was not immune to the boom-and-bust cycles of more earthbound
forms of economic endeavor, and it seemed the Seattle-based bookseller
was going to go the way of Pets.com, the most infamous example of late
1990s cyberhubris. Streitfeld noted that one detractor of Amazon
“expects the Internet retailer to run out of money to adequately fund
its operations later this year.”
Amazon did not run out of
money—nor was it subsumed into a bigger competitor like Wal-Mart—but it
wasn’t until 2003 that it ended a year with a profit. That milestone
led The Wall Street Journal to call it “one of the most powerful survivors on the Internet.”
No comments:
Post a Comment