Dear Shareholders

Amazon - 2018


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Show Notes:

  • Amazon's growth and third-party sales. 0:00

    • Amazon's third-party sales have grown from 3% to 58% of total gross merchandise sales, outpacing first-party growth.

    • Amazon's success and innovation culture. 1:43

      • Amazon invested in tools and programs to help independent sellers compete with its own first-party business, leading to significant growth.

      • Speaker 2 emphasizes the importance of customer obsession and invention in business.

      • Innovation and customer-centric approach at AWS. 5:18

        • AWS co-founder Jeff Bezos emphasizes the importance of innovation and customer focus in creating successful products.

        • AWS CEO: Democratizing AI with Sage Maker, $30B annual run rate business.

        • Innovation and risk-taking at Amazon. 8:52

          • Amazon aims to eliminate checkout lines with Amazon Go, delighting customers with a seamless shopping experience.

          • Amazon's Echo debuted in 2014, powered by Alexa, with over 100 million Alexa-enabled devices sold since.

          • Employee benefits and training at Amazon. 12:57

            • Amazon's CEO challenges competitors to match its $15 minimum wage and employee benefits.

            • Amazon pledges $50 million to support STEM education and upskill 50,000 employees.

            • ...more
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              Dear ShareholdersBy Brock Briggs