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23 Aug, 2020
khi mới khởi đầu, mấy ai tin vào amazon và bezo...
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Jeff Bezo’s statement to the Judiciary committee is excellent. Here’s one of many quotable parts:
Amazon’s success was anything but preordained (định trước, quyết định trước, xác định trước). Investing (đầu tư) in Amazon early on was a very risky (rủi ro) proposition (vấn đề cần giải quyết; vấn đề hoặc nhiệm vụ). From our founding through the end of 2001, our business had cumulative losses (lỗ tích lũy) of nearly $3 billion, and we did not have a profitable quarter until the fourth quarter of that year. Smart analysts predicted Barnes & Noble would steamroll (sự áp chế võ đoán) us, and branded us “Amazon.toast.” In 1999, after we’d been in business for nearly five years, Barron’s headlined a story about our impending demise “Amazon.bomb.” My annual shareholder letter for 2000 started with a one-word sentence: “Ouch.” At the pinnacle of the internet bubble our stock price peaked at $116, and then after the bubble burst our stock went down to $6. Experts and pundits thought we were going out of business. It took a lot of smart people with a willingness to take a risk with me, and a willingness to stick to our convictions, for Amazon to survive and ultimately to succeed.
Tags: economics
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