Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.10

-1.4%

Dec 4 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GST who wrote (122425)	4/2/2001 6:05:03 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

+Amazon CEO Wishes Hadn't Made Some Dot-Com Investments 04/02 12:53 PM (DJ) Story 4927 *DJ Amazon CEO: 'Very' Committed To 4Q Profitability Goal Story 5123 =DJ Amazon CEO -2: Speaking At Goldman Sachs Conference By Ross Snel Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Amazon.com Inc. (AMZN) would have been better off if it hadn't made some investments in other dot-com companies in recent years, Jeff Bezos, the company's founder and chief executive, said Monday. At Goldman Sachs' second annual Internet New Media and e-Commerce Conference in Las Vegas, Bezos was asked what he wished he'd done a better job at during 2000. Referring to investments Amazon made in smaller e-commerce outfits like living.com and pets.com Inc., Bezos said, "If we could rewrite that bit of history, we would." Both of those companies have gone out of business. The controversial executive said success in electronic retailing is based on scale and volume and implied that Amazon should have realized those two businesses did not have sufficient scale. Bezos' comments echoed similar statements he's made recently about Amazon's investment strategy, which the company once touted as a big potential revenue generator. Amazon's disclosure of the way it accounts for its investments in other dot-coms, and the way it received revenue from them, has become the focus of a continuing investigation by the Securities and Exchange Commission and some shareholder lawsuits.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next