Amazon's Jeff Bezos doesn't like to reveal much about the Kindle hardware business. When he was asked in an interview with All Things D whether Amazon made money on the new Kindle hardware, ranging from $69 to $499, introduced September 6, he responded, "We don't disclose the exact bill and materials, so I can't answer that. But we don't want to lose a lot of money on the device because then we'd really hate it if you put it in the desk drawer. On the other hand, if you make a lot of … Read more
With the Twitter developer community up in arms over recent moves limiting access to the service, CEO Dick Costolo said Tuesday that the company's decisions were motivated by wanting to build a deeper platform serving a wider variety of users than it does today.
During an appearance last night on Charlie Rose, just hours after unveiling Twitter's new "mobile first" strategy on the "Today Show," Costolo explained moves that have curtailed the functionality of some third-party Twitter clients in the context of developing a Twitter ecosystem for everyone from individual users to large corporations, … Read more
That's about as good as you'll get it for a one-line summation of the approach adopted by one of the most second-guessed CEOs in the history of the tech industry -- as well as one of its most successful. But investors with short-term horizons haven't been so enamored of a CEO more keen on doing what … Read more
Amazon is the latest tech company to come out in support of same-sex marriage. And judging from the size of founder and CEO Jeff Bezos' whopping $2.5 million donation to defend same-sex marriage in Washington State, there's no mistaking how the e-commerce magnate feels about the cause. This is the largest-ever publicly reported donation to a marriage campaign, according to the Associated Press.
Bezos announced Friday that he was making the donation with his wife MacKenzie to Washington United for Marriage, a group working to uphold the state's same-sex marriage law. Amazon spokesman Drew Herdener told the … Read more
I'm sure Mark Zuckerberg won't lose any sleep about Wall Street's ongoing hissy fit about Facebook -- nor should he. More about that in a moment.
Following the disappointment over the company's second-quarter earnings, Facebook shares fell another 11.7 percent Friday, despite the market-lifting euphoria over the European Central Bank chief's plans to bolster the Euro.
An extreme sell-off, for sure, but not surprising for a stock that's tumbled almost 38 percent since its star-crossed debut on the NASDAQ in May.
Given how this outsize company has infiltrated popular culture, Facebook's fall … Read more
To: Amazon CEO Jeff Bezos Re: Those reports of your plans to build an Amazon smartphone
As alluring and potentially lucrative as the smartphone business may seem, it isn't worth the headache and distractions it will bring to Amazon.
Look, I get it. Amazon is riding high with profits that still impress Wall Street, a dominant presence online, and healthy gadget business with the Kindle e-reader and Kindle Fire tablet. You also don't want to get muscled out of the mobile world, a growing opportunity to sell your books, music, movies, and other products. So naturally, you'd … Read more
Amazon CEO Jeff Bezos has delivered his annual letter to shareholders, and he let customers do most of the talking. Bezos, however, distanced Amazon from rivals in the Web platform wars and noted that the company's self-service enables innovation to flourish.
In some respects, Bezos' riff reflected the Thousand Points of Light speech from President George H.W. Bush. The idea is simple: Enable a bunch of folks to throw ideas up against a wall and do good work and you'll be pleasantly surprised by how many folks shine.
Bezos quoted users of the Kindle Direct Publishing systems (… Read more
Links from Thursday's episode of Loaded:Spotify extends free, unlimited trial Bump Pay transfers money Free Photoshop CS6 preview Apple CEO Tim Cook visits China Kindle Fire update Amazon CEO found rockets from Apollo 11 Subscribe: iTunes (MP3) | iTunes (320x180) | iTunes (HD) | RSS (MP3) | RSS (320x180) | RSS HD
Not to be outdone by "Titanic" director James Cameron, Amazon's Jeff Bezos has just announced that after searching the seafloor, he's located the rockets that thrust Neil Armstrong toward the moon more than 40 years ago and plans to bring them back onto dry land.
Writing on his "Bezos Expeditions" blog today, the e-commerce guru and would-be space explorer said his team had located the five F-1 rockets that lifted the Apollo 11 mission spaceward and then plunged into the Atlantic.… Read more
Amazon.com founder and CEO Jeff Bezos told investors today that his company is "building millions more" Kindle Fire tablets than originally planned.
Bezos' boast came during Amazon's conference call with investors to report its third-quarter earnings, which did not thrill the market nearly as much as the Kindle Fire is apparently exciting consumers. The numbers did not live up to Wall Street's expectations, and Amazon's stock price took a big dive in after-hours trading.… Read more