Jeff Bezos came back after the galley incident and said he was going to make a radical shift in his company's business model. The stock jumps 25% in one day, which no other internet stocks were jumping up in that moment in time. In Q4 of 2001, they do 1.1 billion of revenue, 59 million of operating income, 35 million of pro forma adjusted net income,. They do $5 million of honest to God. You can touch it, taste it, take it home, put it in your bank account, gap net income for fourth quarter of 2001.
Amazon. No company has impacted the internet — and all of modern life — more than this one. We’ve waited seven years to do this episode, and are so, so excited to finally dive into every nook and cranny of this legendary company. And of course because we’re Acquired and this is Amazon, we couldn’t contain it all to just one episode… even a 4+ hour one! So today we focus on Amazon.com the retail business, and we’ll have another full episode on AWS coming soon. And because all great series are trilogies, to fully understand Amazon we highly recommend starting first with our previous episode on Walmart, which truly is the giant’s shoulder that Jeff Bezos stood upon. Let’s go!!
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