Jeff Bezos, the reigning swashbuckler of the internet age until Musk came along, was playing a cooler game, content to let Musk take the headlines and the risk. Then last week Bezos ventured—well, stumbled—into the heart of the news.
Among his many properties is The Washington Post, which he bought in 2013. The paper's editorial board was preparing to recommend the Democratic nominee for president, Kamala Harris, when Bezos canceled the endorsement at the last minute.
It wasn't supposed to be a big deal, just a ho-hum announcement of something not happening. Instead, the greatest salesperson of the era, whose customer obsession had made Amazon into a colossus of modern retail, got the greatest customer rejection of a lifetime.
A quarter-million Post readers canceled their subscriptions, a figure first reported by NPR and then by The Post itself. That is about 10 percent of the total circulation. The speed and decisive force of the cancellations was a bit of a shock but also weirdly appropriate, said Danny Caine, author of "How to Resist Amazon and Why."
Diese Geschichte stammt aus der November 01, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 01, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
How AI is Disrupting the Literary World
This summer, Ayad Akhtar was struggling with the final scene of McNeal, his knotty and disorienting play about a Nobel Prize-winning author who uses artificial intelligence to write a novel.
Dark store surge set to spur realty demand
Quick commerce (qcom) firms are poised to impact India's real estate landscape as they expand their dark store networks to meet the growing demand.
The Bibek I knew
It was the early 2000s when I was setting up an economics research practice.
Saudi revives India investment plans amid shrinking mkt share
Move aimed at ensuring a major captive market for its crude oil, even as Indian refiners mull reducing the share of expensive Saudi grades sourced under term contracts
Tech, threats, territories - navigating industry growth in the new world order
As I step into my role as president of Nasscom, I view the next five years as a critical period, shaped by the intersection of three forces: Technology, threats, and territories.
STARS AND STYLE
The two biggest ever stars of Indian movies have followed contrasting styles as brands
Overhaul of HVLDE norms on cards
Market regulator Sebi has proposed an overhaul to the framework governing high-value listed debt entities (HVLDEs) in a bid to reduce the compliance burden.
Sebi moots changes to ERP framework
Revision to allow ERPs to rate unlisted securities
Testing the Midwestern assumption
Every now and then, a moment comes when the assumptions underlying a nation's politics are completely overturned.
From alienation to acceptance
A third of the way into Matthew Rankin's Universal Language, one stops wanting to know the film's secret and begins swimming in its mystery instead.