Jeff Bezos Calls Amazon 'Best Place In The World To Fail' In Shareholder Letter

Jeff Bezos wants you to know that his big bets pay off. In his annual shareholder letter, which was unveiled on Tuesday, the Amazon.com CEO issued the Wall St. version of an “I told you so” by declaring that experiments like cloud hosting service Amazon Web Services have become massive businesses for the Seattle-based web retailer. AWS, which was started a little more than 10 years ago, will reach $10 billion in annual sales, and is bigger than Amazon’s e-commerce business was at the same age.