Jeff Bezos Says Amazon Stock Is 'Not the Company'

The transcript discusses the evolution of a company from selling books to diversifying into music, videos, electronics, and toys. It highlights the challenges faced during the Internet bubble, where stock prices plummeted despite internal business metrics improving. The narrative emphasizes the distinction between stock performance and company health, focusing on long-term strategies for profitability and growth, even when external perceptions were negative.

What strategy did Amazon use to decide on new product categories to sell?

• They asked their employees for suggestions.

• They randomly selected customers and asked for their preferences.

• They followed market trends.

• They copied successful competitors.

What was the peak stock price of Amazon during the Internet bubble?

• $50

• $113

• $6

• $200

How did Amazon's internal business metrics compare to its stock price during the Internet bubble burst?

• Both were improving.

• Stock price was stable, but internal metrics were declining.

• Both were declining.

• Stock price was declining, but internal metrics were improving.

What was Wall Street's main criticism of Amazon during the financial downturn?

• Amazon was not expanding fast enough.

• Amazon was not making any profits.

• Amazon was not hiring enough employees.

• Amazon was not investing in technology.

What was Amazon's response to the criticism about not making profits?

• They focused on short-term profits.

• They ignored the criticism and continued their strategy.

• They reduced their product offerings.

• They increased their prices.