Amazon’s Next Big Hit Remains Elusive

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.3 • 1.7K Ratings

🗓️ 20 September 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

First came online shopping, then Prime, followed by AWS. But when it comes to Amazon’s next big hit, the tech giant continues to fumble. WSJ reporter Sebastian Herrera joins host Zoe Thomas to discuss the company’s yearslong search for its “fourth pillar.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:29.1	Add life to cart.
0:32.1	Welcome to Tech News Briefing, it's Wednesday, September 20.
0:38.4	I'm Zoe Thomas for the Wall Street Journal.
0:41.5	Amazon is on the hunt for its fourth pillar, company shorthand for its next big hit, a business
0:48.2	line that generates millions in revenue like its e-commerce, subscriptions, and cloud
0:53.3	division.
0:54.3	But finding that, well, that's been eluding the company.
0:59.2	Our reporter Sebastian Herrera is going to tell us what Amazon has tried so far and why
1:04.3	it's struggling to build its fourth pillar.
1:11.2	But starting with some exclusive WSJ reporting, federal prosecutors are scrutinizing personal
1:17.2	benefits Tesla may have given to Elon Musk as far back as 2017.
1:23.7	It's part of an investigation examining issues, including a proposed house for the billionaire,
1:29.0	known internally as Project 42.
1:32.0	According to people familiar with the matter, the U.S. Attorney's Office for the Southern
1:35.8	District of New York also requested information about transactions between Tesla and other
1:41.4	entities connected to Musk, and it referenced the involvement of a grand jury.
	...

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