Inside Amazon’s business tactics and company culture
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 25 April 2024
⏱️ 8 minutes
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Summary
When Jeff Bezos left Wall Street to start Amazon in 1994, the most common question he got was “What’s the internet?” Fast-forward to today, and Amazon is, of course, the country’s leading online retailer, as well as cloud services provider. In 2022, the company controlled almost 38% of the U.S. e-commerce market. Walmart, its closest competitor, had just over 6%, according to Insider Intelligence. In her new book, “The Everything War,” The Wall Street Journal’s Dana Mattioli documents the tactics she says have enabled Amazon to dominate.
Transcript
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| 0:00.0 | How The Everything Store won The Everything War. |
| 0:05.0 | From American Public Media, this is Marketplace Tech. |
| 0:08.0 | I'm Lily Jramale. When Jeff Bezos left Wall Street to start Amazon in 1994. The most common question he got was, |
| 0:25.3 | what's the internet? Fast forward to today and Amazon is of course the country's |
| 0:31.4 | leading online retailer. |
| 0:33.0 | In 2022 the company made up almost 38% of the U.S. e-commerce market. |
| 0:38.0 | Walmart, its closest competitor, made up just over 6% according to insider intelligence. In her new book, The Everything War, |
| 0:46.8 | the Wall Street Journal's Dana Matioli documents the tactics she says had allowed Amazon to dominate. |
| 0:53.2 | You know, the Book Chronicles pervasive situations where different teams at Amazon are helping |
| 0:58.9 | themselves to data from sellers on the site or others that they could then use to reverse engineer |
| 1:04.3 | their own best hits for Amazon's brands. I could go into an example that what |
| 1:08.8 | happened with Trader Joe's. Yeah, let's talk about that. You write about a Trader Joe's executive who moves over to Amazon gets hired there and is pressured to reveal trade secrets about that chain's snacks. |
| 1:21.0 | Specifically, which ones are the most popular. |
| 1:22.9 | And you write, for six months, |
| 1:24.7 | the employee's manager hounded her for information |
| 1:27.5 | about Trader Joe's best selling products. |
| 1:29.6 | She tried to deflect, but the pressure kept ratcheting up. |
| 1:32.4 | There's even a demand that the employee |
| 1:33.8 | email documents she had retained from her old job. Is that kind of thing pretty |
| 1:39.2 | common at Amazon? The pressure that these employees are under at Amazon is at a level I haven't |
| 1:45.8 | seen anywhere else in corporate America. |
| 1:47.3 | You know, I've covered companies in some respect for nearly 18 years at the Wall Street |
... |
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