This chapter examines the strategic implications of Amazon's involvement in the acquisition of Neiman Marcus by Saks Fifth Avenue. It delves into Amazon's historic approach of prioritizing growth over profits, showcasing how its expansive reach and competitive practices impact the retail landscape. Additionally, it highlights the ethical dilemmas surrounding Amazon's treatment of employees and third-party sellers in its relentless pursuit of market dominance.
40% of everything sold online in the United States is through Amazon. Its web services division owns almost a third of the worldwide cloud infrastructure.
Amazon is a goliath.
Dana Mattioli is an investigative journalist at the Wall Street Journal and the author of “The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power.” Mary Long caught up with Mattioli for a conversation about:
- Amazon’s early days and how it withstood years of sustained losses.
- How Amazon makes Wall Street look genteel.
- The lengths that the company went to get information from competitors.
Companies discussed: AMZN, TGT, EBAY
Host: Mary Long
Guest: Dana Mattioli
Producer: Ricky Mulvey
Engineers: Dez Jones, Austin Morgan
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