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According to sources, Amazon did not expect to make a profit for four to five years. This comparatively slow growth caused stockholders to complain that the company was not reaching profitability fast enough to justify their investment or even survive in the long-term. The dot-com bubble burst at the start of the 21st century and destroyed many e-companies in the process, but Amazon survived and moved forward beyond the tech crash to become a huge player in online sales. The company finally turned its first profit in the fourth quarter of 2001: $5 million (i.e., 1¢ per share), on revenues of more than $1 billion. This profit margin, though extremely modest, proved to skeptics that Bezos' unconventional business model could succeed.
FOR ALL YOUR ON-LINE BUYING NEEDS!
This essential book helps you find exactly what you want on the Web in no time flat--without having to struggle with slow downloads or the endless, irrelevant listings on search engines. From well-known giants like Amazon.com to promising upstarts like Plato's Toybox, these sites run the gamut of products and services, size and price. But they all have one thing in common: they're the best the Web has to offer. Inside you'll find
- Detailed descriptions of each e-shop, including its intended audience, atmosphere, and specialties
- A sample list of products for sale at each site
- Information on ordering methods, merchandise photo quality, gift wrapping, and delivery options
- A helpful cross-referenced index that allows you to find all the best sites for the product you want with just a quick glance
- Unique items, unusual buys, and real deals--all just a mouse click away!
The Best of
WIRED's Lauren Goode reviews the latest iPhone models -- the iPhone XS and iPhone XS Max -- and tests the battery life, camera and video capabilities. CORRECTION, Sept. 19, 5:05 PM EST: The video above misstated the water rating for the iPhone XS and XS Max. While the IP68 standard states that devices must be waterproof to more than 1 meter, Apple's new phones are waterproof up to 2 meters for up to 30 minutes."
The Subscribe & Save program lets you save on items you constantly need to restock like grocery, beauty and health products. Choose your items from a select list, and they are automatically shipped to your home on a regular schedule. The discount varies depending on the day and the specific item, but generally said to be about 15%. Keep in mind, you won’t be able to use extra coupons or tap into Warehouse sales and Amazon Prime deals. However, you can change your order or cancel it at anytime, even if you only use it once.