Wall Street

Jeff Bezos Keeps 16-Year-Old Magazine To Remind Him How Amazon’s Web Services Was “A Risky Bet”

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Jeff Bezos, founder and former CEO of Amazon Inc (NASDAQ:AMZN), tweeted a photo of a framed 2006 magazine with him on the cover with the text “Amazon’s Risky Bet.” The headline made reference to Amazon Web Services, the company’s most profitable venture today. Big BetJeff Bezos’ Wednesday tweet read: “ I have this old 2006 BusinessWeek framed as a reminder. The ‘risky bet’ that Wall Street disliked was AWS, which generated revenue of more than $62 billion last year.” Q1 2022 hedge fund letters, conferences and more The magazine in question is Businessweek. In its November edition that year it …

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