Extraordinary Genius

1139. Chapter 1139 Amazon is profitable

Immediately in 2001, Feng Yu came to Seattle, where Jeff Bezos specifically informed Feng Yu to attend, saying that there is good news, tell Feng Yu.

“Everyone, today announced a good news for everyone, relying on the fourth quarter of profit improvement, we have created the first profit since the establishment of Amazon!”

Everyone board member executives are applauding. For so many years, Amazon is finally profitable.

When Amazon was listed early, it could not be listed because of the opposition of major shareholders. At that time, it was the spring of Network Corporation. After the listing, the stock price soared.

More than once, they blamed Feng Yu privately. If Amazon was listed in 97 year, they would be able to cash out when 99 was in the year. The profit is at least dozens of times!

When you look at that Ebay, after the listing, the market value of Corporation has increased by a hundredfold. Is Amazon not as good as Ebay, and it is not too much? Even in their hearts, Amazon may be more sought after than Ebay. After all, Amazon’s major shareholder is Feng Yu. This is the golden signboard, which allows investors to believe that Corporation will give them a generous return guarantee!

Feng Yu is the youngest billionaire, and the second in the world. He is the one who beat Soros. He is famous in the investment world.

Unfortunately, Feng Yu didn’t go public, saying that the company lacked money, he continued to inject capital, but he also got the support of Bezos, so that these minority shareholders could not help.

Feng Yu’s assistant, Ralph, didn’t say it. If you are against it, it’s okay, at a market price, we have a 10% premium to buy your shares.

Of course they don’t sell it!

At the beginning, they were thinking about making money after the listing. But later, they also saw the potential of Amazon.

Online shopping malls do have an important advantage over entities, which is that they can give customers a richer selection of products, even simple.

On the side of the country, many middle-class people live in the suburbs. The environment is good, the place is big, and life is comfortable.

They usually go to the supermarket in a week, buy a week of life, every time is very tired, sometimes in order to buy the same goods, looking for a long time.

But in Amazon’s online store, you only need to tap a few keyboards and click Search to find the product you want. Then place an order and wait for the delivery to the door.

At the beginning, Amazon was also a cash on delivery, but some consumers felt troublesome and always had to make change.

But then Amazon can save this trouble after paying with the online bank in advance. Some users believe that Amazon’s reputation is slow, and there are more and more such users.

Amazon’s product categories are also growing. As long as they are legitimate goods, they can be sold. Small to toothpicks, large appliances such as refrigerators and washing machines can be purchased through Amazon and delivered to your door.

When the shareholders saw it, there were more and more registered users, sales were getting higher and higher, losses were getting less and less, and they were no longer snoring.

Although they have very few shares in their hands, they are convinced that this part of the future will bring them rich returns. And this day, it won’t be too far.

Amazon plans to log in to South America, and by then, the market will be bigger and earn more.

In the year before, Amazon got a music store that sells a variety of music products, such as tape, CD, MD, DVD, etc., as well as various players, headphones and other related products. At that time, Amazon got an MP3 paid download.

At that time, many people opposed it, and even a few board members, and they all strongly opposed it. This fee is downloaded, the idea is good, but who will buy it?

But soon, they knew what the product was for. AIWA was sung by the CD Industry Association of the United States. Then the MP3 player quickly fired in the country, and then fired through North America, America, Asia, and Europe, and their MP3 audio downloads went up.

Because they have more users and are also one of the sellers of AIWA products, many people choose to download MP3 in their music store. As a result, their downloads are over AIWA.

Almost every month, they have more than a million downloads, and since AIWA launched the new MP3, their downloads have skyrocketed again. This music store, along with the bookstore, has become a big profit for Amazon.

Just last month, their music store acquired the music website of AIWA, and the two merged, and the download volume climbed again.

Those board members and executives admire Bezos and praise him for his vision. Bezos knew very well that when he wanted to download MP3, he refused.

It’s just that Ralph stands for Feng Yu, and he is forced to do so. As a major shareholder, Feng Yu almost never intervenes in Amazon’s management. He just tells him not to enter the China market and the Eastern European market.

Now, Feng Yu has actually asked him for this, indicating that he attaches great importance to the download of MP3, and he dares not to implement it.

So such a credit, it became his wise decision, far-sighted.

Amazon is now not only the largest online bookstore, but also the largest bookstore, the largest music store, and the largest integrated online retailer.

Now Amazon’s promotional slogan is “the biggest online retailer”, very arrogant.

Others can do nothing, regardless of product type, registered users or sales, Amazon is the biggest, well deserved.

Of course, if you look at the market value, Amazon is a little worse, because Amazon is not listed.

Now, Amazon is ready to add one to the slogan: the most customer-centric company. Many of the company’s slogans are customer-centric, but Amazon has added one to the front, so many companies continue to attack Amazon for this.

Unfortunately, these attacks have not only affected the development of Amazon, but also increased the popularity of Amazon, so that Amazon’s sales are climbing.

If it weren’t for Bezos’s big wave, the 30% of the revenue would be invested in the marketing activities of the customers, perhaps Amazon will be profitable in the early months.

But now it’s profitable, it’s not too late. Feng Yu is very satisfied with this.

When other network organizations are losing money, Amazon is profitable, and this is success!

Feng Yu took the report, tilted his legs and shook it open. He also took a look at this report to see how much surprise Amazon can bring him.

But when Feng Yu carefully saw the last profitable figure, he couldn’t help but roll his eyes.

The profit amount is more than 30,000 US dollars.

Your mother, the world’s largest online retailer, earns more than 30,000 US dollars a year, which gives Laozi a good news!

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