"I lost the ability to speak": Van Jones describes moment Bezos donated $100M - CNN
Jul 20, 2021
Jeff Bezos, the Amazon founder and world's wealthiest man, has donated $100 million each to CNN contributor Van Jones and chef José Andrés, founder of World Central Kitchen.
Edit
As I understand it - the money is theirs to so with as they see fit. Assume that's true.
he should start an Amazon competitor
A co-op!
Co-opazon?
I wonder how far $100m would go for this. That's probably enough for a few warehouses and the infrastructure to make deliveries in a couple of states, but would that be enough to shake up Amazon at all before you go bankrupt?
you'd have to pick a product category the way Bezos did and expand from there
and then Bezos could lose money on that category until you go out of business
that's the beauty of capitalist cOmPeTiTiOn it lets you find out who has more capital
Yeah I know, I just thought maybe there would be a point where if you specialize enough you could be profitable, but it would be almost impossible to outperform Amazon when they can starve you out for many many years and the money they'd be losing is a rounding error..