Amazon CEO Ponies Up
April 5, 2013 by Paul Ausick
Business Insider posted an internal memo from Blodget describing the announcement:
Jeff’s investment grew out of a dinner he and I had about a year ago. We talked about the business, and he was excited about it. (He sees some parallels with Amazon). A few months later, he expressed an interest in investing. My reaction was basically “Hell, yeah!”
“Parallels with Amazon?” Last time we checked, Amazon was primarily a retailer and Business Insider was a news site. Amazon recently acquired a social reading site called Goodreads, but the logic there is a bit easier to see. Amazon has been hit with allegations (some true) of phony reviews, and the company has been trying to winnow the sales touts from the reviews that accompany virtually all the products that the company sells.
But if Business Insider does in fact have “parallels” with Amazon — and Bezos has made few bad bets — then could BI be in line for a buyout from the Bezos-led firm? In his New Yorker profile, Blodget said, “I expect that someday Business Insider will be acquired by someone. … We either will become part of a larger enterprise or become the larger enterprise.” Well, Amazon is certainly a larger enterprise.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.