Word: buttings
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Dates: during 1990-1999
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It's easy to sit here today nodding about the power of electrified commerce. But back in the day when you--frankly, when everyone--was pooh-poohing the idea of online sales, there were a few folks who believed. One of them, on a summer day in 1994, quit his...
Jeffrey Preston Bezos had that same experience when he first peered into the maze of connected computers called the World Wide Web and realized that the future of retailing was glowing back at him. It's not that nobody else noticed--eBay's Pierre Omidyar also knew he was on...
There was a time when Bezos could say, "If I had a nickel for every time a potential investor told me this wouldn't work..." and then lapse off into head shaking. Now he follows that line with a wild, giggly laugh. No wonder: as of last week, Bezos had...
As far as names go, Amazon is a perfect choice. (Not least because its ticker symbol, AMZN, is a license-plate version of how the stock has performed.) The wild Amazon River, with its limitless branches, remains an ideal metaphor for a company that now sells everything from power tools...
And he is still losing his pants. That's maybe the one thing people still really don't understand about the e-commerce revolution. If these are such hot businesses, then why are they hemorrhaging cash? Amazon--the company everyone wants to be like--could lose nearly $350 million this...