Andy Jassy ·Amazon ·11 APR 2024
How Margin Expansion and New S-Curves Compound Together
When your core business gets cheaper to run, every new bet you place gets cheaper to fund.
Leader · Profile
Andy Jassy
Amazon·AWS
1997–present
CEO of Amazon since 2021, having founded and built Amazon Web Services into the company's profit engine. His shareholder letters continue Amazon's tradition of explaining the operating philosophy behind the numbers.
AJ
Correspondence in the archive
3 letters
Andy Jassy ·Amazon ·10 APR 2025
Ask Why Until The Locked Doors Open
Most companies optimize inside the room they're standing in; the best ones keep asking why the door is locked.
Andy Jassy ·Amazon ·9 APR 2026
Progress Is a Squiggly Line, Not a Straight One
Durable companies don't bet on one straight line — they build the muscle to zig, zag, and start over without losing momentum.