Quote from Mary Meeker on Amazon.com:
"In Bezos' words, e-commerce hit an inflection point in CQ4...but that's not enough, the company wants more, more, more, fast, fast, fast - like tens of millions of annuity like customers buying tens to hundreds of different products. Like tens of highly automoated distribution centers around the globe. And yes, how are they going to get there? Spend, spend, spend, fast, fast, fast, fast. It's a classic "spend to the opportunity" endeavor, and the metrics and the instincts are pointed to a very large opportunity." |
