If you are watching Amazon’s quarterly earnings today, probing the numbers for signs of the online giant’s continued vigor, feel free. But honestly, Jeff Bezos doesn’t care what you think.
Amazon’s chief executive doesn’t concern himself with Amazon’s quarterly earnings report or with Wall Street’s visceral reaction to it. (In fact, he’s in Silicon Valley for most of this summer, working with Amazon’s hardware design arm, Lab126, according to a person familiar with the matter who wasn’t authorized to discuss it publicly.) Bezos manages Amazon for the long term and regularly mucks up the bottom line with expensive, risky bets on unprofitable new businesses such as grocery deliveries and tablets.