Robert Hof
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Ten years on, Jeff Bezos’ ‘risky bet’ on Amazon Web Services pays off big
When Amazon.com launched its first Web service 10 years ago today, offering storage in the cloud, people thought it was yet another crazy, profit-nuking idea from Chief Executive Jeff Bezos. Why on Earth, investors and analysts griped, was a company still struggling with a marginally profitable retail business embarking on what looked like an entirely ...