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Foundering

TRAILER Foundering: The Amazon Story

Foundering

Bloomberg

Business, Tech News, Technology, News

4.71.1K Ratings

🗓️ 17 February 2022

⏱️ 3 minutes

🧾️ Download transcript

Summary

The Amazon Story

Transcript

Click on a timestamp to play from that location

0:00.0

The world needs solutions. On October 24th at the London edition of the Bloomberg Technology Summit join leaders, innovators and entrepreneurs to discuss technologies that are poised to solve our most pressing global challenges.

0:13.0

From reducing CO2 emissions and making cities more livable to affordable healthcare and combating food insecurity.

0:20.0

Examples from Deliveroo, Zeeman's Graphical Remore will examine where tech innovation can take us. Learn more at BloombergLive.com slash tech summit 2023.

0:30.0

We had been employees of Amazon for like a week, but they had still not told us anything. They said no, we have to tell you in a closed room.

0:37.0

So we all got in the room together. They closed the door, locked the door, put paper over the window in the door. It was very hush-hush.

0:47.0

And then they said, imagine something the size of a Coke can and people will be able to talk to it. And we thought the technology isn't there yet. It doesn't exist yet.

0:58.0

Jeff Bezos wants to be seen as an inventor.

1:01.0

We love to invent. We love to pioneer. We even like going down alleys to turn out to be blind alleys.

1:10.0

He wants Amazon to be seen as an innovator.

1:13.0

Talk to us about that fulfillment center. I don't see too many humans. Help us understand the amount of robots you have versus the amount of people you employ.

1:22.0

A tech giant that drives social and technological change. I was like, okay, this is amazing. This is clearly an important moment in technology.

1:31.0

I was astonished, right? How the hell did they do that?

1:34.0

And by all accounts, Bezos got everything he wished for.

1:39.0

Jeff Bezos is actually the richest person in modern history. And in terms of just sheer billions being accumulated, there's really nothing in history to compare.

1:47.0

But as Amazon grew and Bezos became wealthier and wealthier, something began to change.

1:54.0

Amazon was ranked one of the 12 worst companies to work for.

1:58.0

But many Amazon staffers say the demand for greater speed is the leading factor harming warehouse workers.

2:05.0

Bezos became a target. They saw him as a villain, a ruthless capitalist. The pressure grew stronger and stronger.

2:13.0

Protesters marched down 34th Street to intent to vent their anger at Amazon.

2:22.0

And then Bezos made another surprising move.

2:25.0

Jeff Bezos is stepping down the announcement sent shockwaves to the business and tech communities.

2:31.0

Hi, I'm your host Brad Stone. This season on Foundering will take you inside Amazon's quest for world domination.

...

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