Bezos Revisits Amazon's Early Days, Stock Price Swings and Path to Profitability
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Bezos shared how Amazon solicited customer feedback early on to guide the company's diversification into new product categories beyond books.
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Bezos recalled how Amazon's stock price fluctuated widely during the dot-com bubble, dropping from $113 to $6, while the company's internal business metrics continued to improve.
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He emphasized the distinction between a company's stock and its actual performance "The stock is not the company, and the company is not the stock."
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Bezos addressed criticisms about Amazon's profitability by highlighting that gross margins were always positive; Amazon would eventually cover fixed costs and become profitable.
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Bezos suggested focusing on core company metrics and growth strategies rather than overreacting to stock price changes, an approach key to Amazon's enduring success.