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Motley Fool Hidden Gems Investing

Amazon Can’t Be Contained

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 14 September 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

40% of everything sold online in the United States is through Amazon. Its web services division owns almost a third of the worldwide cloud infrastructure. Amazon is a goliath. Dana Mattioli is an investigative journalist at the Wall Street Journal and the author of “The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power.” Mary Long caught up with Mattioli for a conversation about: - Amazon’s early days and how it withstood years of sustained losses.  - How Amazon makes Wall Street look genteel. - The lengths that the company went to get information from competitors. Companies discussed: AMZN, TGT, EBAY Host: Mary Long Guest: Dana Mattioli Producer: Ricky Mulvey Engineers: Dez Jones, Austin Morgan Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

In a few of these NDA's that these entrepreneurs signed, I found something very strange called a residuals clause.

0:06.3

And it said, basically any company meeting with Amazon for deal talks or an investment,

0:11.7

there's a line that you sign that says anything retained in the memory of an

0:16.7

Amazon executive in those talks could be used without any legal consequence to Amazon.

0:22.3

So as long as they remember your idea or your technology or without any legal consequence to Amazon.

0:22.5

So as long as they remember your idea or your technology

0:24.9

or something you told them, they could use it

0:26.7

and you can't do them.

0:27.5

I'm Ricky Mulvey and that's Dana Matioli,

0:32.1

an investigative journalist at the Wall Street Journal and the author of the Everything War,

0:36.7

Amazon's ruthless quest to own the world and remake corporate power.

0:40.7

On today's show, we're going inside the belly of the beast.

0:43.0

My colleague Mary Long caught up with Matioli to discuss how Amazon leverages data,

0:48.0

its battle in Washington, and the culture that built a multi trillion dollar company. Dana, the full title of your book is The Everything War,

1:13.0

War, Amazon's ruthless quest to own the world and remake corporate power.

1:17.0

Amazon started as a bookshop.

1:19.0

Was the plan always to own the world and remake corporate power?

1:23.6

Yeah, it's hard to remember that in 2024

1:26.1

that this was a fledgling against all odds online bookstore

1:30.7

when it launched in 1995.

1:32.8

And most people at that time had never even been on the

1:36.2

world wide web.

...

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