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    Categories: Amazon

Jeff Bezos, Riding High, Defends Decision to Buy Washington Post

From The New York Times:

Jeff Bezos built Amazon into an e-commerce and computing powerhouse. Now his ambitions are more sprawling as he takes on ever larger civic and business challenges.

. . . .

Mr. Bezos said he bought [The Washington Post] because he wanted to make it into a more powerful national — and even global — publication, and that The Post was well situated to be a watchdog over the leaders of the world’s most powerful country. “If it had been a financially upside-down salty snack food company, I would not have bought it,” he said.

. . . .

Mr. Bezos’ personal profile has also soared with his acquisition of The Post. Under his ownership, the newspaper’s online audience has grown. The Postreported 30 percent year-over-year growth in unique digital visitors in April.

A couple of weeks ago, Mr. Bezos traded shots with the presumptive Republican presidential nominee, Donald J. Trump, who accused Mr. Bezos of dodging corporate taxes and abusing his position as owner of The Post to launch personal attacks and to keep lawmakers from scrutinizing Amazon.

. . . .

“It’s just a fact that we live in a world where half the population of this planet, if you criticize the leader, you’ll go to jail or worse,” Mr. Bezos said. “We live in this amazing democracy with amazing freedom of speech, and a presidential candidate should embrace that.”

Link to the rest at The New York Times and thanks to Tom for the tip.

PG chose to include this item because of Bezos, not Trump. He hopes not to start pro-Trump/anti-Trump disputes in the comments.

PG was interested in the headline of the NYT article. Bezos used his own money, not Amazon’s, to buy the Post so PG doesn’t understand why he would have to defend the acquisition any more than he would have to defend buying a bigger house or a new car. The reason the Post was for sale was that it was going broke. Bezos has changed that.

Perhaps it’s pure cattiness. The NYT is itself going broke and Mexican oligarch Carlos Slim has become its largest stockholder. PG doesn’t remember any NYT article asking Slim to defend his investment in the newspaper.

PG wonders if the Times is touchy because its billionaire is not nearly as cool as the Post’s billionaire.

PG: