2min snip

The Journal. cover image

Alexa is in Millions of Homes and Amazon is Losing Billions

The Journal.

NOTE

Innovate First, Monetize Later

The distinction between Alexa as a voice technology and the Echo as hardware highlights the integration of voice interaction across various devices. The initial strategy for Alexa was not to focus on immediate profitability but to establish a widespread presence in homes. The goal was to create a user-friendly system that would encourage interaction with Amazon's business facets. This approach aimed to drive shopping behaviors through voice commands, leveraging user order history to facilitate purchases directly through devices like the Echo. However, while this convenience can streamline shopping, it also comes with the risk of mistakes, as demonstrated when users may unintentionally add items to their carts.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode