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Just curious but has there ever been a day one where Amazon had to step backwards or some idea failed? It's hard to believe that everything Amazon touches is go
by tixocloud 13y ago
Just curious but has there ever been a day one where Amazon had to step backwards or some idea failed? It's hard to believe that everything Amazon touches is gold and I personally feel like we learn more from our failures than our successes. Just wondering if you know any Amazon failures from the past?
- incision 13y agoOff the top of my head, their investment of $175M in LivingSocial [0] comes to mind. Also, though they're generally considered successes now, I recall no shortage of naysayers trying to claim the Kindle, Prime and AWS as failures. 0: http://techcrunch.com/2010/12/02/livingsocial-confirms-175-million-amazon-investment/ http://techcrunch.com/2010/12/02/livingsocial-confirms-175-m...
- edgrimley 13y agoAuctions. They didn't destroy eBay as many thought they would.
- JOnAgain 13y agoThere's been a lot. Amazon generally avoids press, but they launch stuff that fails all the time. I'd say only 1/3 things they launch (or get really close to launching internally) is actually successful. Since they avoid press, people don't hear about things that fail. Their success rate has been higher with some AWS services, but if you could see their track record internally (basically things that make it to beta) vs. success 5 years later, it's probably under 30%.