In connection with the restructuring, Amazon said it will take a charge against earnings of more than 150 million in the first half of 2001. No company enjoys making such a decision, and it's always difficult and painful ... But it was clearly the right business decision for us as we pursue making this into a profitable company.
More Quotes from Jeff Bezos:
It's expensive, but it has a lot of benefits ... for Amazon and Amazon shareholders. It not only saves them on shipping it changes the way they think about and use Amazon. We've seen significant lift in Amazon Prime members. It's a short-term investment, but one of the most important things that we're doing over the long term.Jeff Bezos
We believe that over time this could turn into a significant business for Amazon, significant revenue stream for publishers and authors and a helpful customer service for readers,
Jeff Bezos
What I can tell you is in the first few weeks of this quarter...we are continuing to see good books unit growth,
Jeff Bezos
Amazon Pages and Amazon Upgrade leverage Amazon's existing Search Inside the Book technology to give customers unusual flexibility in how they buy and read books.
Jeff Bezos
We invite authors to communicate with their readers in a way that hasn't before been possible. Amazon Connect brings the author's message to the reader instead of waiting for the reader to find the message.
Jeff Bezos
We see our customers as invited guests to a party, and we are the hosts. It's our job every day to make every important aspect of the customer experience a little bit better.
Jeff Bezos
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