UNEXPECTED INVESTOR: Bezos, 49, who is buying the Washington Post as a personal investment for US$250mil (RM808.25mil), has funded an eclectic array of ventures through an entity called Bezos Expeditions, including the business news website Business Insider and Twitter, the messaging service. — Reuters
SEATTLE: Jeff Bezos, founder of Amazon.com Inc and soon to be the new owner of the Washington Post, is one of the few chief executives in corporate America who refuse to bow to Wall Street's quarterly profit demands.
Since starting Amazon in 1994, he has frequently upset investors by spending heavily on long-term investments, even if it means missing analysts' financial targets and sending the e-commerce giant's stock price plunging.
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