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Land of the Giants

How Amazon Charmed Wall Street

Land of the Giants

Vox Media Podcast Network

Society & Culture, Technology, Business

4.62.3K Ratings

🗓️ 20 August 2019

⏱️ 36 minutes

🧾️ Download transcript

Summary

When Amazon became a publicly traded company  in 1997, it was losing money. And it wouldn’t turn a profit for years. So how did it convince Wall Street to do something unprecedented: Turn a blind eye to profit? And how did that help Amazon become one of the world’s most valuable companies today -- and how did it change the way tech companies grow? Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Support for this podcast comes from Slack.

0:03.0

You have to get your work done.

0:05.0

But what if you and your team could do it better?

0:08.0

Slack is a productivity platform that connects all your team members together instantly.

0:12.0

It's built to help your team with a host of features, like huddles for quick check-ins,

0:16.0

and clips for recording and sharing video.

0:19.0

Slack also makes it easy to search and find the right information you need.

0:23.0

You can even integrate the apps you use in your normal workflow,

0:26.0

like your calendar or product management tools.

0:28.0

So you stay focused on the work that matters and get more done.

0:31.0

Learn more at slack.com slash productivity.

0:37.0

This episode is brought to you by Shopify.

0:39.0

The All in One Commerce platform to start, run, and grow your business,

0:44.0

whether you sell in flaky soul or fine art prints.

0:47.0

Shopify covers all your sales channels to simplify selling online and in person.

0:52.0

Plus, they provide industry-leading tools and 24-7 supports we can not you grow.

0:57.0

This is Possibility powered by Shopify.

0:59.0

To sign up, visit shopify.co.uk slash podcast23 or lowercase.

1:07.0

In Amazon's 1997 Annual Report, Jeff Bezos introduced his company to Wall Street with a letter.

1:14.0

I'm going to quote from it because he has sent it out multiple times since the first shareholder letter.

1:20.0

But it's interesting to go back to the year 1997 and listen to the vision and look at what's happened since then.

1:29.0

This letter to shareholders has become Amazon lore.

...

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