Amazon Could Soon Be The World's Biggest Shipping Company

It spent $27 billion to ship stuff last year!But over the past couple of years, Amazon has been working on a project that should terrify UPS and FedEx...Today, Amazon operates almost 400 distribution warehouses in the US alone. And these are no run-of-the-mill post offices.

So many folks conclude Amazon’s creation of its own delivery service won’t hurt these companies too much.Back in 2000, Amazon was on its way to dominating online shopping. As its website exploded in popularity, so too did its need for computing power. But I’ll bet anything that Amazon will soon start selling its delivery services to others—just like it did with its cloud business.Amazon recently launched its new “Shipping with Amazon” service.

What is their shipping rate?

And the worlds largest grub company 😉

Bigger that the Pentagon?

Gastormushi1

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They just killed Macy's in downtown Seattle....

You mean they aren’t already?

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As Amazon floods the market with Alexa devices, the business model is getting fresh scrutinyAmazon has the luxury of low margins as it rolls out an assortment of Alexa devices with no clear path to profit. Amazon is bad for people's health. The whole idea behind it is to keep people from moving their body when they have a chance to. They don't understand how it could be financially profitable?! I got a free echo a few years ago. That avalanched into me spending THOUSANDS on smart home tech (bought on Amazon) Like with any software ecosystem, it's about 'stickyness' Charging for skills is a terrible idea
Source: CNBC - 🏆 12. / 72 Read more »