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Amazon sells everything from streaming video to organic grapes, and it’s all part of a large (likely successful) strategy to dominate the entire consumer market.
*The end of this video includes a paid sponsored promotion. This company had no part in the writing, editing, or production of the rest of the video.
Music is by Varsity Star: https://varsitystar.bandcamp.com/releases
and the Varsity Star Facebook is https://www.facebook.com/varsitystarmusic/
The biggest source of inspiration for this video is the wonderful Ben Thompson's analysis of Amazon at https://stratechery.com - highly recommended.
“wasted” GTA font used under a free license: https://www.dafont.com/pricedown.font
SEC report from Amazon, including its competitors: https://www.sec.gov/Archives/edgar/data/1018724/000101872416000172/amzn-20151231x10k.htm
Also without Google there's no Amazon cause Android and Chrome and maps and everything essential. Firefox won't support em and Microsoft will not support other companies unless you pay em ridiculous amounts or buy their license for like everything including use of their windows phone OS. Also google owns Asia everything here is Google even your very personal online shopping center Lazada or Grab asia owned by google here and bought out uber asia is run here by google no Amazon even in middle east, Philippines, Malaysia, India, Mongolia and so fort.
I thought that you would fully detect Amazon's theory, but you didn't and here is why. (just to be clear, I love your videos and the level of work you bring on youtube)
1. Margin. Dropping your margin from low to even negative is a common competitive strategy. HOWEVER when competition is eliminated then the margin WILL increase and there won't be no Walmart or let's say FEDEX, to fight Amazon with lower prices. So what you will get as a customer in margin is : 1% (good for you) , 5%(still good for you) , but when competition is eliminated prices will go up for 15% margins (bad for you) , 30-40% (very bad for you) and there won't be a competitor to stop it, so basically your pocket will be defenceless in any oligopoly-industry. As you said it, scale. Selling 1000 pieces on a 1% margin is better than selling 100 pieces on a 5-10% margin.
2.I also think that you didn't describe the ad thing as it is. Amazon is actually moving into the "ad" business in order to develop its own tools (until now they would just retarget on adsense) and implement them into its products. Maybe the video was uploaded before these announcements. You also didn't mention that what Echo does is what other...sketchy sound monitoring companies do, gather data by keywords. I'm not saying that they directly listen to your...kitchen conversations however it is proven that they gather the keywords that you are using. Google does the same. If you start mentioning words like "tv,buy,samsung, 50 inches etc." then you will probably get tv-based ads google ads. So basically they may sell to you cheap products, but they will know your consumer behavior SO WELL , that you will end up buying dozens of shit that you don't need or will use. And that is just way worse than just buying some bucks cheaper.
Oligopolies and monopolies are so bad for the global economy that personally I find the current and the upcoming situation way more dangerous than , let's say, Kim Jong Jun.
And it goes without saying that such powerful companies will not be stopped by regulations and stuff, their influence is enormous and grows day by day.
Apparently I never use any of those sites as I didn't notice the 'Internet was down' at all -- :) And happy to see that, other than an occasional Amazon purchase, I don't use any of the companies they own. Guess they don't have full global reach yet. Buck up, Amazon :)
I hope we can choose which company will enslave us , when the day comes. Imagine you have to build Jeff Bezos' pyramid if you are a google fanboy. The slave drivers whip hits will feel twice as hard. Would be horrible.
Amazon is simply trying to horizontally expand as fast as possible. Because they invest in everything, they will always have a positive return because for them, if 10 of their markets fail, 1 will have succeeded immensely and will have paid for the other 10's loss.
I never bought into the Amazon hype. They screw over sellers who are the real people running shit. Buyers are more shady and dishonest than sellers. It’s common fact. You can’t have buyers and screw over sellers.
Ad to the fact Amazon sells more fake knock off products than any other retailer. Amazon also never “conquered” logistics, Walmart did and has been doing it longer. Walmart has a much bigger global presence also. Walmart also has FREE 2 day shipping, no tax and no “prime” fee. I don’t see amazons future, I really don’t. To be honest, eBay is free shipping, no taxes, no prime and less hassle. People need to stop drinking to kool aid
I have avoided using a single Amazon-owned or Amazon-affiliated product or service for the past 3 years. That company is objectively bad for the entire US economy and either no one cares or no one is willing to do anything about it.
Grocery stores operate like Walmart selling food on a 33 1/3 percent markup on the selling price (some items plus 10% on top of that) and sales from welfare disability & social security checks and food stamp cards pay their employees and keep prices high for everybody else. Walmart did the same thing as Amazon until they put all the small stores out of business then they raised prices. The whole downtown and the malls across the nation are a wasteland of abandoned buildings. People wondering around the streets with no jobs.
Polymatter, you have a true gift at transitioning to advertisements. I've watched many of your videos and almost every single one was mind blowingly smooth. Good work. Also your videos are wonderfully informative.
Amazon charged me a grand for a bunch of items that I didn't order, and sent them to my flat. I tried to tell them that I didn't order them (I didn't!) and they refused to believe me. After about a week on the phone, they finally believed me, but said that someone had broken into my account, so they had to shut my account down, but they assured me that they wouldn't actually delete my entire account. They did. Now I can't get them to acknowledge the orders because I no longer have an account with them. I can't get into my kindle account, can't get into my Audible account, but they're still charging me for regular deliveries, audible subscriptions, etc. that I can't access. Every time I try to get through to someone, they don't speak English, and argue with me, claiming that I don't have an account. It is now well over half a year later, and I have probably spent 3 weeks of my life, in all, on the phone to them, just trying to get them to sort out this problem. They have robbed me of money. My audible credits delete if I don't use them within 6 months, but I can't access my account, so they keep deleting my old credits that I couldn't use, and charging me for new ones. I finally managed to speak to a manager who FINALLY accepted the huge mistake that they'd made, but she said she had to call me back another time. She told me a specific time that she would call me back...and she never called. She called two days later at a different time, when I wasn't expecting my call and wasn't near my phone. She left a message saying that she would call again the next day. She didn't. Instead she called 3 days later, on a weekend, at an odd hour, in a message berated me for not answering the call, and said she was going to leave the whole thing because I didn't answer. I'm now over a grand short, and have had to dedicate an entire room of my flat to storing Amazon boxes in case I somehow manage to return and get my money back on these orders that I never ordered, and that I've been charged for. I used Amazon for years before this. I knew how their website worked, and made weekly orders through them. I recommended them to people (people who listened to me, bought items on Amazon that I recommended, and started using them prolifically because of my recommendation!), and purchased everything through them - gifts, beauty products, food, books. Pretty much everything. And they did this to me.
Fuck Amazon, and everything they own.
Edit: I'm sorry, I wrote this when I was half-way through your video, and watching the rest is stressing me out too much that I can't continue. The thought of these crooks engaging in world domination is too much to bear. Please start supporting local businesses everyone. I was a huge supporter of Amazon, but these businesses will screw us all in the end. Since having all this happen, I have researched Amazon, and the more I find, the more disturbed I am. I wish I knew this sooner. I wish I had never been one of their most loyal customers. They are a disgusting company, and Jeff Bezos is nothing short of a thief.
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