Bezos: Forget profits for now; we're still spending
SEATTLE -- Since its earliest days, Amazon has put investing in new business ahead of expanding its profit margins, often to shareholder chagrin.
At the company's annual meeting here today, Chief Executive Jeff Bezos repeated the mantra, and listed more than a dozen areas into which the online giant is pumping its resources.
"We are still thinking of this as day one," Bezos said of the company that first sold shares to the public 16 years ago and now has 88,000 employees and 209 million active customers. "In fact, I think the alarm clock is … Read more