What Amazon CEO Andy Jassy ‘learned’ from founder Jeff Bezos' biggest money 'mistakes'
Amazon CEO Andy Jassy has abandoned Jeff Bezos' costly experimental spending strategy, learning from billion-dollar failures like the Fire Phone and failed healthcare ventures. Jassy now focuses Amazon's investments on fewer, profitable projects rather than hundreds of moonshot bets. This strategic shift has driven Amazon's stock up 30% and boosted profits five-fold since the post-pandemic recovery.
Amazon CEO Andy Jassy has abandoned Jeff Bezos' costly experimental spending strategy, learning from billion-dollar failures like the Fire Phone and failed healthcare ventures. Jassy now focuses Amazon's investments on fewer, profitable projects rather than hundreds of moonshot bets. This strategic shift has driven Amazon's stock up 30% and boosted profits five-fold since the post-pandemic recovery.
