Amazon founder, CEO and bajillionaire Jeffrey P. Bezos casually purchased the Washington Post for a cool $250 million not too long ago, and now he’s soliciting advice on what to do with such a decrepit artifact.
Mr. Bezos has been out press-pimping the new Amazon Fire, which, at $379, is the perfect Christmas gift for the whole family. This led him to the Today show, where he mused, “Someday … I think printed newspapers on actual paper will be a luxury item, sort of like how people still have horses but it’s not their primary way of commuting to the office.”
They’re those people: the human being who buys a tablet that isn’t Apple’s iPad. They’re like Pepsi drinkers: Who are they? Why aren’t they drinking Coca Cola? What makes them decide to take the road less traveled (and defined) than everyone else? WHAT IS THE APPEAL OF THIS SPECIFIC BRAND IDENTITY? Etc. Whoever the hell they are, Barnes & Noble has just thrown a huge bet down, and it’s not just banking on that crowd, but the potential to win that crowd from the clutches of nu-publishing behemoth Amazon.com. How?
Well, for one thing, they’re hoping these people really love terrible books and Glee.
Amazon.com’s quarterly results are out, and OMFG THEY POSTED A PROFIT DECREASE! Why? Because they priced that fancy new Kindle Fire thing on the cheap, is why. People are freaking out, an analyst gave them a “sell” rating, and their shares are dropping. Are people overreacting?