Jeff Bezos warns Amazon will have 'multibillion-dollar failures'

Jeff Bezos warns Amazon will have 'multibillion-dollar failures'

5 years ago
Anonymous $fWzGa1uP8i

https://www.cnbc.com/2019/04/11/jeff-bezos-warns-amazon-will-have-multibillion-dollar-failures.html

Amazon CEO Jeff Bezos warned on Thursday that the company will have large, failed experiments.

"Amazon will be experimenting at the right scale for a company of our size if we occasionally have multibillion-dollar failures," Bezos said in his annual shareholder letter. "We will work hard to make them good bets, but not all good bets will ultimately pay out."

Jeff Bezos warns Amazon will have 'multibillion-dollar failures'

Apr 11, 2019, 1:22pm UTC
https://www.cnbc.com/2019/04/11/jeff-bezos-warns-amazon-will-have-multibillion-dollar-failures.html > Amazon CEO Jeff Bezos warned on Thursday that the company will have large, failed experiments. > "Amazon will be experimenting at the right scale for a company of our size if we occasionally have multibillion-dollar failures," Bezos said in his annual shareholder letter. "We will work hard to make them good bets, but not all good bets will ultimately pay out."