“It’s like ‘The Amazing Race.’ You’ve got this cast of characters running toward the Holy Grail.”
“Instant Pickup puts Amazon in competition with vending machine services.”
“Amazon did not meet earnings expectations of $1.42 per share, not even close. … Investors would normally be angry over such a miss. Instead the market mostly shrugged. …
Why are these weird things happening? Perhaps because the market has finally started to regard Amazon as a monopoly.
Amazon’s move tanked the stocks of grocery competitors as investors worried that Amazon could do to grocery the same as it did to booksellers. Kroger Co. shares fell 14%, Target Corp. shares fell 12%, Supervalu Inc. shares fell 19%, Costco Wholesale Corp. shares fell 6.2% and Wal-Mart Stores Inc. shares dropped 5.8%.
Consumption is so great that Twitch is already larger than 70% of American television networks, as well as Amazon’s own OTT video service.
[Jeff Bezos] doesn’t tolerate stupidity, even accidental stupidity.
If you logged onto your CompuServe account during the Clinton administration and bought a book like ‘Men Are from Mars, Women Are from Venus’ from Amazon, Kindle MatchBook now makes it possible for that purchase—18 years later—to be added to your Kindle library at a very low cost.
Our heavy investments in Prime, AWS, Kindle, digital media, and customer experience in general strike some as too generous, shareholder indifferent, or even at odds with being a for-profit company. “Amazon, as far as I can tell, is a charitable organization being run by elements of the investment community for the benefit of consumers,” writes one outside observer.
But I don’t think so.
To me, trying to dole out improvements in a just-in-time fashion would be too clever by half. It would be risky in a world as fast-moving as the one we all live in.
More fundamentally, I think long-term thinking squares the circle. Proactively delighting customers earns trust, which earns more business from those customers, even in new business arenas. Take a long-term view, and the interests of customers and shareholders align.
Of the most talked-about tech companies, Facebook by far received the least love. While Amazon, Apple and Google all ranked in the top five with total scores above eighty out of 100, and Microsoft ranked 15th with a “good” score above 75, Facebook came in 42nd – sandwiched between Best Buy and T-Mobile – with a score of just over 65, or what Fronk described as the borderline between “average” and “poor.”
“Facebook suffers badly from lack of trust,” Fronk said.
Amazon arguably collects as much personal data about its customers as Facebook does about its users, or at least if not as much, then possibly more intimate: purchase history, product search history, home address, credit card numbers.
‘Amazon is predominantly a virtual company where you don’t get to see the people. You don’t see brick and mortar,’ says Robert Fronk, executive vice-president of reputation management at Harris. ‘For them to first of all have the highest reputation, but more importantly to be the company with far and away the highest emotional appeal, is amazing.’ Harris defines emotional appeal as trust, admiration and respect, not whether you get weepy when your package arrives.