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Quotations tagged amazon

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If you’re auditioning for your job every day, and you’re auditioning against every other brilliant employee there, and you know that at the end of the year, 6% of you are going to get cut no matter what, and at the same time, you have access to unrivaled data on partners, sellers, and competitors, you might be tempted to look at that data to get an edge and keep your job and get to your restricted stock units.

Dana Mattioli # 26th April 2024, 5:43 pm

The saddest part about it, though, is that the garbage books don’t actually make that much money either. It’s even possible to lose money generating your low-quality ebook to sell on Kindle for $0.99. The way people make money these days is by teaching students the process of making a garbage ebook. It’s grift and garbage all the way down — and the people who ultimately lose out are the readers and writers who love books.

Constance Grady # 16th April 2024, 11:31 pm

This teaches us that—when it’s a big enough deal—Amazon will lie to us. And coming from the company that runs the production infrastructure for our companies, stores our data, and has been granted an outsized position of trust based upon having earned it over 15 years, this is a nightmare.

Corey Quinn # 31st March 2021, 4:47 pm

The open secret Jennings filled me in on is that OpenStreetMap (OSM) is now at the center of an unholy alliance of the world’s largest and wealthiest technology companies. The most valuable companies in the world are treating OSM as critical infrastructure for some of the most-used software ever written. The four companies in the inner circle— Facebook, Apple, Amazon, and Microsoft— have a combined market capitalization of over six trillion dollars.

Joe Morrison # 20th November 2020, 9:11 pm

One of the standards you have to have demonstrated to being able to reach Principle Engineer inside Amazon is “Respect what has gone before”. It’s very likely you don’t know the why, what or how of it. Often what was written was the best that could be done to the constraints.

Paul Graydon # 25th April 2019, 5:52 pm

The excess capacity story is a myth. It was never a matter of selling excess capacity, actually within 2 months after launch AWS would have already burned through the excess Amazon.com capacity.  Amazon Web Services was always considered a business by itself, with the expectation that it could even grow as big as the Amazon.com retail operation.

Werner Vogels # 5th January 2011, 3:13 pm

Since we moved to EC2, the number of unique users has gone up 50%, and pageviews are up more than 100%. To support this growth, we have added 30% more ram and 50% more CPU, yet because of Amazon’s constant price reductions, we are actually paying less per month now than when we started.

Jeremy from Reddit # 7th January 2010, 10:10 pm

One way to establish that peace-preserving threat of mutual assured destruction is to commit yourself beforehand, which helps explain why so many retailers promise to match any competitor’s advertised price. Consumers view these guarantees as conducive to lower prices. But in fact offering a price-matching guarantee should make it less likely that competitors will slash prices, since they know that any cuts they make will immediately be matched. It’s the retail version of the doomsday machine.

James Surowiecki # 9th November 2009, 10:06 am

When I worked at Amazon.com we had a deeply-ingrained hatred for all of the SQL databases in our systems. Now, we knew perfectly well how to scale them through partitioning and other means. But making them highly available was another matter. Replication and failover give you basic reliability, but it’s very limited and inflexible compared to a real distributed datastore with master-master replication, partition tolerance, consensus and/or eventual consistency, or other availability-oriented features.

Matt Brubeck # 4th October 2009, 9:50 am

This is an apology for the way we previously handled illegally sold copies of 1984 and other novels on Kindle. Our “solution” to the problem was stupid, thoughtless, and painfully out of line with our principles. It is wholly self-inflicted, and we deserve the criticism we’ve received. We will use the scar tissue from this painful mistake to help make better decisions going forward, ones that match our mission.

Jeff Bezos # 24th July 2009, 12:48 am

You can buy an iPod nano on Apple, Best Buy, etc. for about $149. Amazon sells it for $134. That’s probably cost price. It turns out that Amazon can sell almost everything at cost price and still make a product because of volume. It’s all down to the Negative Operating Cycle. Amazon turns over its inventory every 20 days whereas Best Buy takes 74 days. Standard retail term payments take 45 days. So Best Buy is in debt between day 45 and day 74. Amazon, on the other hand, are sitting on cash between day 20 and day 45. In that time, they can invest that money. That’s where their profit comes from.

Jared Spool, via Jeremy Keith # 22nd June 2009, 5:13 pm

[Amazon’s] forthcoming persistent storage feature will give you the ability to create reliable, persistent storage volumes for use with EC2. Once created, these volumes will be part of your account and will have a lifetime independent of any particular EC2 instance.

Jeff Barr # 14th April 2008, 7:50 am