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About This Club

All about Amazon.com.

  1. What's new in this club
  2. The company said it will not be building a large headquarters in NYC as originally planned, adding the biggest twist of all to the marathon HQ2 search that began in 2017. Still unclear: Whether Amazon’s 30-day return policy applies to $2.5 billion corporate campuses. Why Bezos backed down “For Amazon, the commitment to build a new headquarters requires positive, collaborative relationships with state and local elected officials who will be supportive over the long-term.” “While polls show that 70% of New Yorkers support our plans and investment, a number of state and local politicians have made it clear that they oppose our presence...” Let’s talk about the (now overjoyed) opposition That Amazon (-1.06%), one of the largest public companies in the world, had been promised roughly $3 billion in government incentives didn’t sit too wellwith many activists and local leaders in NYC. They criticized the lack of transparency in the search process and highlighted the potentially disruptive effects the massive new campus would have on the local community. In the end, Amazon didn't want to fight this battle. This is a mess... ...for stakeholders (like prominent New York politicians and real estate professionals) eagerly anticipating the more than 25,000 high-paying jobs and $27.5 billion in tax revenue Amazon was expected to generate. ...and for Amazon, which thought it could bully any U.S. city into submission. Urban studies expert Richard Florida called it a “site selection disaster of epic proportions.” Looking ahead: Amazon said it’s going to double down on its new locations in Northern Virginia (the big one) and Nashville (the smaller one), while growing its other existing locations around the country. Zoom out: As Amazon became the target of an angry grassroots movement over the past year, fellow tech giants Google and Apple quietly announced their own (more modest) U.S. expansions to positive press. Amazon might want to take notes.
  3. Just as your Medium manifesto was “gaining steam” with 21 claps, Amazon CEO Jeff Bezos stopped all your momentum with a very personal postaccusing AMI, the parent company of the National Enquirer, of extortion and blackmail. The backstory: Bezos and his wife MacKenzie recently announced plans for a high-profile divorce. The National Enquirer then published articles describing a relationship between Bezos and former TV anchor Lauren Sanchez. There were...juicy texts involved. Let’s walk through this next part step-by-step As described in Bezos’s blog post... He “engaged investigators” to determine the source of the leaks and the motivation behind the Enquirer’s actions. AMI’s Chief Content Officer sent an email saying that he obtained intimate photos of both Bezos and Sanchez (we’ll stop there...this is a PG newsletter after all). An offer was made: AMI wouldn’t release the photos if Bezos said publicly the leaks weren’t politically motivated. Bezos refused, published this blog, and here we are. Key Bezos quote: "Any personal embarrassment AMI could cause me takes a back seat because there’s a much more important matter involved here. If in my position I can’t stand up to this kind of extortion, how many people can?" If your head is spinning...we’ve got good news There’s more. Jeff Bezos owns The Washington Post, which has largely been critical of the Trump administration. David Pecker, the chairman and CEO of AMI, has a cozy relationship with the president, who himself has lashed out at Bezos once or five times. That perhaps helps explain the talk of “political” motivations. We can find no better bottom line than the NYT: “Mr. Bezos’ online post details a stunning and bizarre clash between the world’s richest man and the nation’s biggest tabloid publisher.” “In it, all of the country’s obsessions of recent years appear to have collided, from the personal lives of billionaires and sensational tabloid headlines to Mr. Trump’s fight with the media.” Via Morning Brew
  4. https://www.theworldnewsmedia.org/topic/50486-amazon-headquarters/?tab=comments#comment-112494
  5. I heard on the radio that AWS will no longer be using Intel chips exclusively for its cloud services. This could end up being a BIG deal down the road.
  6. admin

    AWS

    After charming the crowd at its annual conference for cloud-lovers (any nephologists in the house?), Amazon (+6.09%) got some bullish reviews. One Jefferies analyst said its Amazon Web Services cloud business could be worth $350 billion by 2022.
  7. Amazon (+0.01%) said Cyber Monday was its biggest shopping day ever in terms of the number of products sold globally.
  8. Jeff Bezos first named the company as Cadabra, after the magic slogan “Abra-Cadabra”. When he first mentioned this to his lawyer over the phone, his lawyer misheard it as “Cadaver ???” . Bezos knew right then, that the name would not stick. Bezos had the customer-centric approach to the business, right from the start. So, he had proposed to change the name to “Relentless Inc”, a way of saying that the company would be relentless in its approach to customer satisfaction. In 1994, the company’s then de-facto CTO was Shel Kaphan. He was not very amused by the proposal. So, Bezos continued to look for options for the company name. In the 1990s, the number of websites were finite, and countable by humans. The websites were sorted alphabetically on the “internet directory” of those days. After a bunch of research, Bezos settled on Amazon Inc for two reasons - Amazon river has the largest collection of flora and fauna in the world. Amazon Inc will represent the largest collection of retail items on the internet Amazon-dot-com will appear in the first pages of the internet directory, making it easier to attract users and customers. Source
  9. Some Amazon customers received an email from the company telling them their names and emails had been exposed due to a "technical error." Several customers shared the emails on social media Wednesday. Amazon said the problem was resolved, but did not provide clarity on how many users were affected nor for how long. In the email to affected customers, Amazon said it was unnecessary to reset passwords since it was "not a result of anything you have done."
  10. It's reportedly lobbying brick-and-mortar retailers to start accepting its Amazon Pay digital wallet, per the WSJ. The move would expand a service that has primarily lived online into physical retail. Digital wallet, (n.)—An electronic account to which consumers upload credit/debit card information. Can be used for online payments and in brick-and-mortar retail using a phone's wireless connection at a tap-and-go terminal. Do a couple tap-and-go test runs at your local CVS before taking your talents to Target on Black Friday. We don't want any Brew readers getting verbally abused for holding up the line. Why get into digital wallets? After all, fewer than 1% of all U.S. card transactions last year used them. Well, Amazon's thinking the best time to get some skin in the game is when the competition is slim. And who's the competition? Mostly PayPal, Visa Checkout, and Apple Pay (which was accepted in-store at more than 5 million U.S. locations as of May), but the field's growing.
  11. So many local and international requirements to start an SB. It is known is some countries that private sector makes agreements with government to get both benefits. In some countries companies pay government to keep the monopoly...where the only one affected is the consumer who has not more options.
  12. This angers me. Small businesses are impeded at every turn while these huge businesses get grease FROM the government. Amazon would not even exist if it hadn't cheated the government out of sales taxes for decades... rrrrrrrrrr
  13. Here’s an interesting chart for you. Hmmm… how does this Credit Suisse report from 2017 related to Bezos’ comments? Let’s start with what he said and to whom. So to start with, he’s actually saying that his 24 year old company is late middle-aged by large company standards, and the Credit Suisse data shows that it’s actually geriatric compared to the average. Secondarily, context is key. He wasn’t talking to investors but likely senior staff, people who make a difference to Amazon’s ongoing ability to innovate and grow. And what is he telling them? This is fairly standard motivational stuff for corporate talks. The only reason it’s interesting is that Amazon is a trillion-dollar company and Bezos is the richest man in the world. Otherwise, it’s generic CEO pablum that the people listening were probably playing internal games of buzzword bingo to. There aren’t that many really old companies running around any more. And many of them sell legacy products, as Jim Beam does. The world is changing more rapidly than ever, and corporations are struggling to keep up in the face of disruption. Bezos is right, but he’s also somewhat banal. Jeff Bezos said Amazon will go bankrupt, is this true or just a publicity stunt?
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