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Amazon’s playbook for crushing competitors

November 8, 2019
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Amazon creates hundreds of products a year. With many of them, they follow a specific strategy playbook that allows them to crush their competitors incredibly effectively.

– The Story Behind series, ep. 58 [[[ TECHALTAR LINKS ]]]: Merch: http://enthusiast.store

Amazon.com, Inc.[6] (/ˈæməzɒn/), is an American multinational technology company based in Seattle, Washington, that focuses on e-commercecloud computingdigital streaming, and artificial intelligence. It is considered one of the Big Four technology companies along with GoogleApple, and Facebook.[7][8][9]

Amazon is known for its disruption of well-established industries through technological innovation and mass scale.[10][11][12] It is the world’s largest e-commerce marketplaceAI assistant provider, and cloud computing platform[13] as measured by revenue and market capitalization.[14] Amazon is the largest Internet company by revenue in the world.[15] It is the second largest private employer in the United States[16] and one of the world’s most valuable companies. Amazon is the second largest technology company by revenue.

Amazon was founded by Jeff Bezos on July 5, 1994, in Bellevue, Washington. The company initially started as an online marketplace for books but later expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewelry. In 2015, Amazon surpassed Walmart as the most valuable retailer in the United States by market capitalization.[17] In 2017, Amazon acquired Whole Foods Market for $13.4 billion, which vastly increased Amazon’s presence as a brick-and-mortar retailer.[18] In 2018, Bezos announced that its two-day delivery service, Amazon Prime, had surpassed 100 million subscribers worldwide.[19][20]

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