As history has shown, it would be unwise to bet against Bezos, a man who seemingly cares little about low margins and only about making long-term gains. He launched Amazon as an online bookstore from his Seattle garage in 1994 and transformed it into the largest online retailer in the world. He did it again with Amazon's cloud computing services, which have become the backbone of many companies like Netflix, Instagram, and Pinterest. But his crowning achievement just may be the Kindle, a business that single-handedly pulled the book business into the digital age. The company's latest device, the low-priced Kindle Fire, is estimated to have sold millions, undercutting Apple's own wildly popular iPad by at least $300, and perhaps best exemplifies his strategy so far.
|2 million Facebook, Gmail and Twitter passwords stolen in massive hack|
|Ron Paul: Bitcoin could 'destroy the dollar'|
|Pentagon to cut jobs, contracts by $1 billion|
|Average student loan debt: $29,400|
|Home sales surge 25% in October|
McDonalds, JetBlue and Nike are among the companies worth following online.