Best Selling author Douglas Preston, along with 907 other authors, signed a letter that ran as a double full-page ad in yesterday’s print edition of the New York Times, asking Amazon to stop blocking or delaying the sale of books on their site as a tactic to lower the e-book prices that Amazon is charged by the publisher Hachette.* The three month dispute between Hachette and Amazon previously prompted a response by Amazon’s self-published authors and readers, but it took an odd turn Saturday night when Amazon posted this letter on a site called ReadersUnited.com, after sending it as an email to all of its Kindle Direct Publishing authors. In that letter they include Hachette’s CEO’s email, and have asked their KDP authors to write to Hachette’s CEO telling him what they think about cheaper ebooks. [more inside]
The Secrets of Bezos: How Amazon Became the Everything Store, Brad Stone (Businessweek) "Amazon’s culture is notoriously confrontational, and it begins with Bezos, who believes that truth shakes out when ideas and perspectives are banged against each other. Wilke and his colleagues argued that lubricants were available in supermarkets and drugstores and were not that embarrassing. They also pointed out that Amazon generated a significant volume of sales with such e-mails. Bezos didn’t care; no amount of revenue was worth jeopardizing customer trust. “Who in this room needs to get up and shut down the channel?” he snapped." [more inside]
Five years ago today Jeff Bezos’ Amazon.com released the Amazon Kindle, a move that would revolutionize the publishing industry. While often controversial, most recently for its international tax avoidance schemes, Amazon has been very successful and has made millions for its founder. What has Bezos done with some of his tax-free millions? Well for one, he launched and landed a rocket vertically, and posted the video to YouTube, just yesterday. [more inside]
Whatever Next? Amazon Makes A Profit! Having lost $3 billion so far, Amazon Books has just posted its first-ever profit of $5 million. Perhaps it was thanks to the new machines they bought to replace more workers.(this last link req. NYT reg.) How would you spend it if you were Jeff Bezos? And what does it mean: has the tide turned or not?
Update on Bezos' recent clash of interests (shock, horror..) book review.. [More..]
Is Amazon really in trouble (this time)? Or are discussions like this the same story? Either way, Jeff B. is courting the media and the media sounds a little... bored.