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Jeff Bezos Called Washington Post His Worst Investment and Staff He Laid Off 'Terrible' People
Gizmodo • • business
Key Points:
- Amazon founder Jeff Bezos has made numerous investments over the years, with some successes like Whole Foods and Twitch, but others, such as Blue Origin and LivingSocial, have struggled or failed.
- According to an upcoming book by Jonathan Swan and Maggie Haberman, Bezos considers his ownership of The Washington Post his worst investment, expressing frustration with the newsroom's resistance to his influence.
- Bezos reportedly intervened in the Post's editorial decisions, including blocking an endorsement of Kamala Harris before the 2024 election and shifting the opinion page to support personal liberties and free markets.
- The Washington Post faced significant financial losses in 2024, leading to layoffs of over 300 staff members and a sharp decline in subscriber numbers.
- Beyond financial issues, Bezos revealed to President Trump that his Post investment had strained personal relationships, with close associates urging him to sell the newspaper.
