Flashback Quote of the Day

“I finally concluded that I could provide runway—financial runway—because I don’t think you can keep shrinking the business. You can be profitable and shrinking. And that’s a survival strategy, but it ultimately leads to irrelevance, at best. And, at worst, it leads to extinction.”

— Jeff Bezos, quoted by the New Yorker, in 2013, on why he purchased the Washington Post.