Jeff Bezos and Amazon: He who laughs last, laughs best

For a brief moment yesterday, it looked like Jeff Bezos could finally thumb his nose at those who’ve been doubting him all along. His expand-at-any cost, low-margin frugality and take no prisoners, thrifty-bootstrapping strategy for Amazon had at last paid off. The company announced record quarterly profits of $482 million, more than the cumulative total of […]...