![]() Jeff WATCH: These 21 major retailers are worth less than Amazon. At Amazon, Day One is code for inventing like a startup, with little regard. It fills me with gratitude and optimism to be part of a species so bent on self-improvement. Mark Cuban, Serial entrepreneur, investor, and owner of the Dallas Mavericks. ![]() I want to close by thanking everyone who sent me suggestions, and for the inspiring examples of innovation I see every day, large and small. "Education is not the filling of a pail, but the lighting of a fire." And lighting that fire early is a giant leg up for any child. Most important among those will be genuine, intense customer obsession. ![]() We'll use the same set of principles that have driven Amazon. I'm excited about that because it will give us the opportunity to learn, invent, and improve. We will build an organization to directly operate these preschools. The Day 1 Academies Fund will launch and operate a network of high-quality, full-scholarship, Montessori-inspired preschools in underserved communities. The vision statement comes from the inspiring Mary's Place in Seattle: no child sleeps outside. The Day 1 Families Fund will issue annual leadership awards to organizations and civic groups doing compassionate, needle-moving work to provide shelter and hunger support to address the immediate needs of young families. It will begin with a commitment of $2 billion and focus on two areas: funding existing non-profits that help homeless families, and creating a network of new, non-profit, tier-one preschools in low-income communities. You’ll get your laptop and backpack, which you should receive an email soon asking you to pick from a few different options. You’ll get your picture taken for your badge, which you’ll get later in the day. We're excited today to announce the Bezos Day One Fund. Day 1 will be new hire orientation (NHO). In addition to Amazon my areas of focus so far have included investment in the future of our planet and civilization through the development of foundational space infrastructure, support of American democracy through stewardship of the Washington Post, and financial contributions to the dedicated and innovative champions of a variety of causes, from cancer research, to marriage equality, to college scholarships for immigrant students, to decreasing political polarization through cross-partisan support of principled, next-generation military vets running for Congress. Business innovators who invent products that empower, authors who write books that inspire, government officials who serve their communities, teachers, doctors, carpenters, entertainers who make us laugh and cry, parents who raise children who go on to live lives of compassion, and many more. MacKenzie and I share a belief in the potential for hard work from anyone to serve others. Where's the good in the world, and how can we spread it? Where are the opportunities to make things better? These are exciting questions. If our own great grandchildren don't have lives better than ours, something has gone very wrong. Our lives are better than our great grandparents' lives, and their lives were better than their great grandparents' lives before them. By so many important measures the world keeps getting better, and it's one of the fantastic aspects of human nature that we humans never stop looking for (and finding!) ways to improve things. It was a Day 1 outlook that made me reach out to ask for suggestions on approaches to philanthropy last year. It's always Day 1, and I work hard to apply that mindset to everything I do. See also: Record-breaking grocery-price inflation in June could make food items hot sellers this Amazon Prime DayĬopyright (c) 2022 Dow Jones & Company, Inc.I talk often about the importance of maintaining a Day 1 mentality. The latest government data shows that inflation reached a 41-year high of 9.1% in June. Amazon stock is down 34.4% for the year to date. A wide majority (83%) of shoppers said inflation impacted their purchases, with one-third of those Numerator surveyed saying they waited for the Prime Day sales. "The early momentum and strong growth for the first day of the Prime Day event supports retailers trying to unlock new levels of growth, in an inflationary market environment." Early data from Numerator shows that two of the five top items purchased on the first day were household products: Frito-Lay Variety Pack and Dawn Powerwash Dish Soap. "Consumers took advantage of discounts that were offered, after having experienced many months of heightened prices online," said Pat Brown, Adobe vice president, in a statement. online shopping day of 2022 so far, according to the Adobe (ADBE) Digital Economy Index. The first day of Amazon (AMZN) Prime Day generated $6 billion in sales, up 7.8% from last year, making it the biggest U.S.
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