Steve Ballmer on Amazon: "They Make No Money." (Oct. 21, 2014) | Charlie Rose 

Like "Where's the DVD drive!". Another great quote by Steve Ballmer

it's not very often you find someone with so much power and so much money who was so wrong about so many different things

Amazon makes money. They just spend a lot of money. They could quit spending at any point and show a profit. Isn't this the problem with the economy right now? All the corps are hoarding money. What good does it do us to have all these corporations hoarding cash? Really. What good does that do us?

Steve Ballmer doesnt like Amazon? One second as I load up on amazon stock.

But he was wrong about alomst everything: 1. iPhone 2. Vista 3. Nokia God, now I'm having second thoughts about Amazon!

Amazon is the best company I've dealt with in many years. finally someone giving us consistent customer service , and so many free items to enjoy with Prime. loyal customer for 5 years and counting

Why would they go after revenue? They need ROI. Radio. On. Internet.

I liked most of what Ballmer said until the 250 billion part. It might have been a ego thing because Charlie was pushing him a bit, but the only reason why he made 250 billion off his tenure was because of Microsoft's capitalization of the computer revolution with it's operating system, as the success of the company has been trickle down off of it ever since. Also, while Ballmer was CEO, the company spread itself way too wide (contrary to Apple's belief of riding only the right horses) and basically missed every single tech related opportunity such as social networking, email, search, post PC devices such as smartphones, tablets and so on. Ballmer's only major accomplishment as CEO was the reinforcement of the enterprise market, which any brain dead CEO could of done with the monopolistic position Microsoft already held. *edit: most importantly, what's left of Microsoft's culture of innovation has literally been sucked out. And as many prospects believe, Microsoft is going down the glide scope because they've stagnated way too long without successfully adapting to the fast changing environment, which comprised of post-PC devices and etc. As even Satya Nadella (current CEO of Microsoft) stated, the company has to rebuild it's culture, and focus on innovation.

Amazon is investing in more capacity, especially internationally to fulfill orders. Why focus on profitability when you can grow and take as much worldwide market share as possible?

Truth is, Ballmer is right. A business that is not profitable has no value to an investor because they get no return on their money. If you couldn't sell Amazon's stock after you bought it, it would be useless so the stock is purely valued on expected future stock price increase, which by the way is the definition of a stock bubble.

He's so biased and close minded.

With all due respect, this dude was equally cavalier about Apple and Google's prospects, and equally completely missed the point of their values then also.

And today Amazon is such a big company and its CEO surpassed Bill Gates to become #1 Richest guy!

my left speaker loves this video.

We will see how much money Microsoft will make in the long run, although I am more confident with that since Satya Nadella is ceo.

Let this be a lesson to you all- don't do cocaine, kids.

I thought that Amazon makes a lot of money, they just keep re-investing it into the company.

Gates biggest mistake.

Audio is broken...

I like this guy Ballmer. Clearly a passionate fellow ;-) but also a very successful leader. I think he was basically saying in this interview - we made stacks of cash doing what we'd always done so why change ?

Amazon boss is now the richest man in the world with $90 billion fortune pretty good.

jesus how many things has this man been dead wrong about. Laughing at the iPhone, Waiting far too long to come out with a competitive Windows phone, laughing at Amazon. Amazon is going to be one of the handful of companies that run the world now, along with Google and Apple. And frankly I just don't see that type of growth in Microsoft's future.

and now,,, jeff bezos is one of the richest man in the world

Ballmer's the kind of "businessman" that won't exist in 10 years! He's outdated. He reminds me of those Record Labels executives that went against Napster, when they should've figured out what Napster was doing right, and joined them or learned from them!

I think Steve Ballmer has made some bad calls on two of the most successful companies of our time whiles his one time managed company have not seen enough growth since and trying to catch up. Had no clue what he spoke about on this video

watching this in 2022....

AMAZON invests in the future of AMAZON. That's where the profit is going. It's so simple it's actually genius.

I wonder if Charlie Rose was wearing pants during this interview.

steve ballmer doesnt like amazon, put me down for shares.

Jesus, is there ANYTHING Steve Ballmer wasn't wildly wrong about? Is there a clip of him somewhere going "Facebook is going nowhere, I like Myspace"??

How this guy ever led a company like MSFT is beyond me. Ballmer was just far too arrogant and not respectful enough of the competition. So happy Nadella leads that institution now..

Amazon will make a lot of money in the long run.

I wonder if Charlie is wearing pants??

This guy was wrong about almost everything like 1. iPhone 2. Vista 3. Nokia and Amazon, Dude the founder of Amazon (Jeff Bezos) is the richest guy on the planet now and the company is worth now nearly $700 Billions and it is the 4th most valuable company in the world & the stock price of amazon is nearly $1500. May be this guy has more regrets than anyone else.

Fact is what he is saying isn't wrong. Any company can spend money but as an investor I would feel safe with one that's creating some cash. There is nothing saying Amazon can't or won't fail in the future. Yes it's an awesome almost irreplaceable company but not making money year after year isn't fun!

Don't forget about Amazon's Prime subscriptions. Costco also makes majority of its income from membership.

Could somebody please elaborate on Ballmer's assertion that because Amazon had a $150 billion market cap that the shareholders must think that at some point Amazon will earn $15 billion pre-tax (annually)?

Amazon original started off selling books like Barnes and Nobel online and expanded from there.

Steve Ballmer remember the i PHONE with no keyboards? Whose crying now???????????

everybody is so smart on the comment section why arent you ceo of microsoft I dont know

They seems to make no money simply because they evade taxation...

So I have a bitcoin mining rig with 50 miners. Every penny of profit is poured into more miners every month for two years. At the end of the two year period I have thousands of miners and generate thousands of bitcoin every month. I'm not making money at that point?

If they haven't paid a stable dividend and increasing for several years, F'm.

laughs at iphone, mocks amazon. also the clippers suck. he should thank bill gates for everything he has

Amazon

Compared to Microsoft overall amazon is not making money they are both based out of seattle

I get where he's coming from. But no one on earth is questioning whether Amazon has a legitimate business model or not. Their system makes money. This dude acts like they're some unproven start up or something.

Shocking to hear such ignorance from a guy who is worth around 40 billion. Of course when your business model is monopoly and grotesquely over inflated profit margins, I can understand why you would be confused by a company with such thin margins. There is a big difference between making no profit and reinvesting profit into growing. He is partially right. They are spread too thin. And worse, they are sticking their toes in a lot of obvious losers, like amazon fresh, but to say they aren't making any money is just silly.

How come this Man who is just fit enough to run a ranch, was made CEO of MS?

Steve Ballmer isn't smart neither interesting

product that makes money is important.. says the man who developed the windows phone which has been dead since it was alive.. oh the irony

Bas Rutten of Microsoft.

Amazon is not a real business? Questioning Jeff Bezo's mindset. LOL What's next...let me guess...Tesla is doomed.

why does he keep fake drinking from the empty mug

He should start a new company called "ridiculous". It wouldn't make any money but at least he could spread the philosophy in which he is so great. So pathetic this guy...

Ha! Bezos laugh

And Amazon becomes the second trillion dollar company this guy is always wrong

_I think sometimes he talks too much_

WOW! This video aged horribly!

steve ballmer is wrong about everything lol

Amazon stock shoots for the bottom : Steve Ballmer : Man on a sinking ship acting like it didn't hit the iceberg . Both Ebay and Amazon being destroyed by misguided management. Capitalism unable to come up with a better model to compete : That's really too bad especially after both Ebay and Amazon are so intent on self destruction. It started out great and then through a series of so called improvements for the sake of customer satisfaction (they said): they ruined it ! Now it kinda (and sometimes more than kinda) sucks to shop on Ebay and Amazon. Even if you still enjoy doing business with these two giants ; you have to admit it's not the same (by that I mean not as good) as it used to be.

Another stupid quote from Balmer.