Amazon Unbounded: Jeff Bezos and the invention of the global empire By Brad Stone

Published in May 2022.

This is how i read Amazon is not bound:

  • Use an Amazon Prime credit card to purchase e-books on Amazon.com.
  • The points purchased with Amazon credit card purchased audiobooks on Audible.com under Amazon.
  • Read e-books on Kindle Oasis, an e-reader device made by Amazon.
  • Use Amazon’s Kindle app to listen to audiobooks on iPhone.

Amazon is not bound It is about the consequences of a single company leading the supply (monopoly) or demand (monopoly) of goods or services.

Amazon believes that when it comes to retail, the company is neither. Although Amazon’s share of the e-commerce market is about 50%, Amazon’s total share of all retail sales (at least before the pandemic) is only about 6%.

However, it is hard to say that there is a lot of meaningful competition in digital books.

Books are my biggest concern.But the book is not the point Amazon is not bound.

Amazon is not bound Pick up Stone’s 2014 book Everything store go away.

This is a period of phenomenal growth of Amazon’s logistics infrastructure (fulfillment centers, airplanes, and last-mile deliveries), the birth of the Alexa virtual assistant, and the extraordinary rise in the company’s market value.

Amazon’s current market value has reached a staggering US$1.8 trillion, up from US$140 billion in 2014.

Year covered Amazon is not bound It was also the years when Jeff Bezos became the world’s richest man, bought the “Washington Post” and accelerated his efforts to send himself into space.

Anyone who follows the Amazon story will feel guilty for our dependence on the company. All of us (approximately 147 million Prime subscribers in the United States) are complicit.

As Stone described in detail, Amazon’s most fundamental shortcoming is the regrettable way the company treats hourly workers.

Amazon’s philosophy originated from Bezos’ worldview, It is the errors of the workers mostly in the system.

Amazon has hardly promoted its warehouse workers to management or other high-paying positions. Amazon’s churn rate is so high that the company must replace the equivalent of an hour’s labor each year. Amazon is now the world’s second largest US global employer, with 1.3 million employees. (Walmart employs approximately 2.2 million employees).

The rapid delivery of low-cost online goods is supported by labors that are mainly low-paid and short-term services.

For a company with a profit of more than 20 billion U.S. dollars in 2020 and whose founders are now worth more than 210 billion U.S. dollars, you would think that Amazon has the ability to treat its employees well and make them want to stay.

The problem is that understanding the dark side of Amazon does not necessarily translate into personal change. I know this is not for me.

The story told by Stone Amazon is not bound It is deeply disturbing. But I really hate going to physical stores. (Even before COVID).

I like to read books on Amazon’s digital platform.

The paradox of Amazon’s monopoly on digital books is that it is indeed a good thing for some readers (such as me), but it may ultimately damage the future of book culture.

My ability to read e-books and audiobook versions Amazon is not bound The premise is that I have the ability to pay $14.99 for the Kindle version and $9.56 for the Audible version. In addition, I must have a Kindle e-reader and a mobile phone to listen to audiobooks.

Since I purchased e-books from Amazon, I no longer rely on local bookstores or public libraries to obtain physical books. These are the book dollars that are not consumed in the physical library and the sponsorship that is not made in the public library.

With little competition in digital books, Amazon will be free to increase prices in the future.

It seems that people in higher education should be more worried about the centralized ownership of platforms that can spread the ideas in books.

We should have a campus dialogue on the meaning of Amazon.

The good news is reading Amazon is not bound Will be a great way to stimulate and inform dialogue.

The bad news is that most people might buy this book from Amazon and then read/listen to the digital version on Amazon devices.

What are you reading

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