Amazon's great customer service goes a long way. It's a big reason why consumers keep coming back to Amazon (in addition to it's low prices). Other companies need to learn from that.
Honestly the best customer experience I've had with any company. Not because they end up refunding often, but because they're quick, efficient and understanding to resolve an issue
Amazon have the biggest problem out of all of the companies with fake reviews, and many other problems too, but the ability to quickly and easily refund is what keeps me coming back even though I know I shouldn't until they clamp down
I agree regarding their great customer service but not on low prices especially here in Canada. Their prices are much higher than ebay or other websites whenever I compare
Legion Slots they’ve got so much money they’ll refund anything if it means you’ll keep using them. I’ve honestly never experienced better customer service online
@@NotYourAverageTrucker There are a lot of negative consequences with their tactic of returning everything. It is a monopoly tactic. They don't care aslong as you return to them. So they can keep selling AWS and ads. Meanwhile, 3rd party Amazon sellers instead of profit lose the item and also lose the money instead of earning... which is a cost, instead of a sale. And bad for the market, not allowing the rest of the companies to compete with these tactics. Obviously this should be stopped by the people
@@8DeaD7 why should you do less to let others get more? Tf? And you think others would let Amazon take their market share if they weren't big just for the sake of sharing it out?
They’re by far my favourite retailer to shop with. Amazing customer service, amazing prices and prime has brilliant benefits. Nobody else is anywhere near as trustworthy for those kinds of prices.
C R I S C O ,In the cloud business,you have IBM ,which just bought Redhat , Microsoft taking share away from Amazon,etc...! In the retail ,you have Walmart,Target,and a myriads of other retailers , that are embracing the online sector with ferocious determinations ,in order to not only survive,but to compete with Amazon; I can go on and on ; But the Debt is the Achilles ‘heel of Amazon ; They even paid 13.5 Billions Dollars in Debt for Whole Foods! Also ,people will start migrating from the Amazon platform,to others platforms,because of all the bad publicity,Jeff Bezos’s extra-marital affaires,etc...! BYW ,I buy occasionally stuff that I can’t in the brick and mortar stores,like Bed,Bath,and Beyond !
This video also is a prime example of why many are shifting away from AWS as well. IIRC Walmart (was it) recently moved to Azure from AWS due to the recent "we wont compete with you" mantra that GCP and Azure have recently been putting out
Amazon deserves the the place where it's right now. Not just because of its products value and delivery services at time but the customer service is also great. 🙏
As a buyer I love Amazon, as a seller I hate it. They make at least 15% leaving most sellers with only 5% profit on average. Sellers take their time and risks with their money buying inventory, and if they find a good product that becomes a good selling product, Amazon will watch the sales growth, finds the supplier, buy huge volume for lower price, and undercut your sales. Then you ended up with a stuck inventory or forced to sell below cost price. Once Amazon eliminates most of other independent online sellers, and becomes the "only online shopping source", they will do whatever they want, leaving buyers no other option but to buy from them at their terms and prices. Jeff Besos is a smart, egocentric narcissist with evil long term plan. Watch and see, it's coming.
I work Amazon Flex. I am an independent contractor. Let me tell you. I earn big bucks. I averaged $35 to $40 an hour when Amazon had restaurant delivery. I deliver Whole Foods and regular packages. Now days since they discontinued Restaurants last summer. I work a day or two a week usually Sunday and Monday mornings. It’s not my only income. I work other jobs. 1-19-20
Who cares if they don't pay taxes. They add way more to small businesses all over the world. And I love how people attack Amazon for not paying any tax but they still shop there. Obviously they don't care enough.
@Chris Ruiz i haven't used Amazon in about 10 years. Their owner is the richest man in the world and they got a huge tax refund. They got some of my money without me even using them.
@@logic7374 you mean destroy small business. They run ecommerce at a loss since 1995. Any company can not compete with a company that is allowed to lose money. They also allow copycat items from Asia to flood their market ignoring patents
Let's put it this way no successful company cares about what brought them up. Ie example McDonald's doesn't care about the burgers joints, they have tons of other companies they run that are much more profitable.
Like basically owning every building in which McDonald's franchises operate. Whether the franchises make a profit or not, McDonald's gets the rent in every month. That's the real business McDonald's is in.
@@logic7374 I know that Standard Oil didn't dominate the oil market but they very profitable despite being cheap and having loads of competition hence the comparison which is what led to Standard Oil dominating the market until they were forcibly split up by the U.S. Government...
@wclifton968 -- JD Rockefeller build standard oil into a behemoth. There were no laws at the time against that. Amazon, on the other hand, does have a LOT of competition. Lots of it. Standard Oil started an industry, and therefore crushed it . Big difference.
Most of their profit comes from third party storage fees. They charge by the square inch to store products in FBA every month. They are mostly just a storage company since most products just sit and pay the rent. I've also heard reports of Amazon making fake orders which just show up at peoples house that didn't order anything. Sounds like they're just making sellers think as long as they keep products in FBA and paying storage fees, they'll eventually sell. Its basically how they enticed so many sellers around the world to agree to the fees. Think about it, economist will tell you the majority of people in our country are poor and can't even afford a $400 emergency yet Amazon would make you believe everyone is spending billions on their site. Are they really???
I sold bath soap on Amazon for $7 a bar and Amazon was keeping $5.30 of every sale, based on this, your figures of percentage they take are way off. The soap bars, the decorative cartons and the damage free corrugated boxes and outer bar code stickers and tape for each bar cost me $3.25. As you can see, Amazon is an unsustainable place to sell small merchandise like bath soap since Amazon was keeping all my profit. They were also charging me $60 per month to keep my soaps in FBA warehouses. How long do you think sellers will continue to pay these costs to sell stuff on Amazon? One only has to ask, since Amazon was providing the customer free shipping and only taking in $5.30 per soap bar, where's their profit coming from after paying for a box, labor and postage? Their profits are coming from storage fees; not sales! My profits were negative and I went in debt.
One of the biggest reason I love Amazon is because I get my money back within 3 hours after dropping off my package at the UPS store. You gotta wait like 1-2 weeks with others company.
I work at home. This time last year, my company started using Amazon connect VOIP. We were then able to get rid of our landline phones. We log in to the app and talk away.
This is crazy how profitable AWS is comparing with other services like advertising or 3rd party marketplace if we estimate the profit margin of AWS (approximately 28.7%) comparing with the others (app. 1.6%)
Amazon USA is different from Amazon Global. Amazon Global offers expensive common products that can be found evyerwhere. So it’s not profitable. As a result, Amazon WS is intended to bring profits from global markets. However, AWS has many other competent competitors who provide a server that can store and process data.
Very interesting. The thing that most people know them for (ecommerce) is not what they make money on. Rather, it's their web services, something most people don't know them for
Amazon is buying items in bulk? Isn't Amazon just a platform between the supplier and the consumer. Then gets a commission for every sale on its platform.
That was a really interesting video. I thought they would have made more money than that. A story on the most profitable companies would be really good to see.
The state-owned Saudi Oil Company (Aramco) has an easy business model that generates more profits than all of them. It makes all of these genius businessmen with complex business models go crazy.
I just wanted to know how amazon manages to sell an item below max retail price and spend on packaging and delivery without taking a delivery charge :/
They're already working on that, Prime air, more operation centres and they've increased their investment in the transportation area as a whole which will save them billions annually and ultimately benefit both the consumer (quicker deliveries at a cheaper rate) and the business. I mean, Amazon's business model and logistics is just incredible.
Amazons advertising is starting to become more and more profitable. Clicks for Amazon PPC are rising at an alarming rate and poorly managed ad campaigns are continuing to make Amazon a lot of money. Now that Amazon controls more than 50% of all ecommerce sales, brands are taking ad spend from Facebook and Google to put it into Amazon.
With Amazon being an internet powerhouse, I wish they would start offering affordable consumer internet service. I once read that 97 cents of every dollar is profit for Comcast's ISP.
I use ebay and Amazon a ton. But the Sales tax law in my state starting this year has killed some deals on ebay for sure. For everyday items, Amazon is preferable option now.
it is offered quite often for free trials. I paind very little in shiping cost in the last couple months. and it is super quick. The money youbwould spend on shioing, buy prime and get shipping free.
They should connect the profits of a company with the minimum wage of its employees.. for example, if the company makes 5 bn$ the minimum wage of its employees increase by 25%... if 10 bn$ it increases by 50%,,, something like that.... Also there should be a labor union committee that check on these big companies to make sure the number of employees in a company do match the necessary requirements, and that these companies are not over-burning their employees to save unnecessary cost.
The new issue is that Amazon is now a company that is considered "too big to fail" which means that the governments of the world will pay into Amazon to prevent a collapse should a recession hit them hard
@@tristianwilson3497 I actually highly doubt that. I can't foresee a situation in which that would be necessary. If so many people depend on Amazon, their business will survive through a recession because people will still use Amazon.
@@s.flanders It could very easily happen, yes people rely on Amazon but in the video it said that it makes no profit from delivery services. So say people have groceries delivered cause its cheap, then that's a basis of use. They said that they get money from ad revenue and web services, but the issue with ads are companies put out ads if they have money and if people stop buying then they cant put ads out which decrease Amazon's profit. Secondly if there is a recession people will start to conserve money and wont spend it on the companies that Amazon supports through AWS. There may not be a direct link like GE, but if you look where GE's money comes from you'll see they will have to diminish how much they pay thus also reducing Amazon's profits. It's all hypotheticals and predicting an economy in a downturn is extremely hard. It's all at how you look at it.
@@tristianwilson3497 Amazon's profits may be reduced in an economic crisis (as would the profits of most other companies), but Prime functions almost like a utility now. Most current Prime members will not cancel their membership or stop using Amazon, so Amazon will continue to get that revenue, which will keep them alive. And even if fewer people use AWS-dependent services, e.g. Netflix, do you think Netflix will stop paying Amazon for servers? No, AWS customers are not going to stop paying Amazon unless they go out of business (or find a better alternative, which doesn't seem to currently exist or AWS wouldn't be growing so quickly).
I really like amazon, but their customer service is awful. I ordered a pair of earrings, never received them, opened a claim and never heard from them. I double checked to make sure I did it correctly and I did and its been three months, and I've contacted them numerous times and nothing.
Basically, Amazon wants to be everything.
Once upon a time Sears was that. Then once the founders died; the people who took over control SCEWED the business! Hart-breaking!
Burd duh
That's not gonna work outside of US though. Regulators are sensible everywhere except in the US.
A--->Z
Nothing wrong with that! ;-)
Amazon's great customer service goes a long way. It's a big reason why consumers keep coming back to Amazon (in addition to it's low prices). Other companies need to learn from that.
Honestly the best customer experience I've had with any company. Not because they end up refunding often, but because they're quick, efficient and understanding to resolve an issue
Amazon have the biggest problem out of all of the companies with fake reviews, and many other problems too, but the ability to quickly and easily refund is what keeps me coming back even though I know I shouldn't until they clamp down
I agree regarding their great customer service but not on low prices especially here in Canada. Their prices are much higher than ebay or other websites whenever I compare
can easily refund anything for ez scams
Legion Slots they’ve got so much money they’ll refund anything if it means you’ll keep using them. I’ve honestly never experienced better customer service online
They probably made 1 billion dollars alone from northern Canadians because they charge $300 for shipping!
They charge $300 because you live in the middle of nowhere and it costs them $298 to get it to you.
@@KrikitKaos Dog sleds
And the northern Canadians aren’t even 60000 people lol
Rural people are the stupidest. They live in a expensive place with no jobs and they expect jobs to come to them.
@@jasinbiggs7189 No, we live where the food grows and given the choice id eat before id get paid.
This dude Mark Mahaney just ordered me coffee off my alexa while I was watching this video
Mine too
Does Alexa make coffee?
LOL Sneaky way of Amazon
Lol
Sue him
I am surprised that Amazon does not make most of it's money from e-commerce
i see alot of those returns, and i mean alot.
@@NotYourAverageTrucker There are a lot of negative consequences with their tactic of returning everything. It is a monopoly tactic. They don't care aslong as you return to them. So they can keep selling AWS and ads. Meanwhile, 3rd party Amazon sellers instead of profit lose the item and also lose the money instead of earning... which is a cost, instead of a sale. And bad for the market, not allowing the rest of the companies to compete with these tactics. Obviously this should be stopped by the people
@@NotYourAverageTrucker having worked at an Amazon warehouse I can tell you that the company looses billions due to returns and theft.
@@8DeaD7 why should you do less to let others get more? Tf?
And you think others would let Amazon take their market share if they weren't big just for the sake of sharing it out?
Cant shipping so cheap impossible to.
Moral of the story, you should have bought amazon stock in the 1990's. You would have been sitting so pretty now.
Or even at the time you commented this
Thanks a lot Sherlok
Very Innovative with fire TV stick, echo, Ring and sales from popular tech TH-camrs.
LOLLLL when the guy said “Alexa, order more coffee” it triggered my Alexa
Anyone else's Alexa go off while watching this video?
Kyle Papili the fact y’all still fw Alexa in anything is a joke
@@Chris-rg6nm she?
@@shohamdas Stop
Mine ordered coffee at 4:35
haha scary!
They’re by far my favourite retailer to shop with. Amazing customer service, amazing prices and prime has brilliant benefits.
Nobody else is anywhere near as trustworthy for those kinds of prices.
AWS will soon have a lot of competition
elaborate
C R I S C O ,In the cloud business,you have IBM ,which just bought Redhat , Microsoft taking share away from Amazon,etc...! In the retail ,you have Walmart,Target,and a myriads of other retailers , that are embracing the online sector with ferocious determinations ,in order to not only survive,but to compete with Amazon; I can go on and on ; But the Debt is the Achilles ‘heel of Amazon ;
They even paid 13.5 Billions Dollars in Debt for Whole Foods!
Also ,people will start migrating from the Amazon platform,to others platforms,because of all the bad publicity,Jeff Bezos’s extra-marital affaires,etc...!
BYW ,I buy occasionally stuff that I can’t in the brick and mortar stores,like Bed,Bath,and Beyond !
It already does, Microsoft Azure earned more then Amazon on last quarter of 2018.
This video also is a prime example of why many are shifting away from AWS as well. IIRC Walmart (was it) recently moved to Azure from AWS due to the recent "we wont compete with you" mantra that GCP and Azure have recently been putting out
AZURE >AWS
Amazon will rule the world in more upcoming years.
Only North America not whole world
along with Disney
Arkham Assassin boi if you don’t
@@AndrewSuaste Star generating profits.
Not in Asia
Well done CNBC. You've started making good videos without the annoying subscribe lady at the end. Very professional, finally.
Amazon is providing great customer experience, that's the key!
Amazon deserves the the place where it's right now. Not just because of its products value and delivery services at time but the customer service is also great.
🙏
As a buyer I love Amazon, as a seller I hate it. They make at least 15% leaving most sellers with only 5% profit on average.
Sellers take their time and risks with their money buying inventory, and if they find a good product that becomes a good selling product, Amazon will watch the sales growth, finds the supplier, buy huge volume for lower price, and undercut your sales. Then you ended up with a stuck inventory or forced to sell below cost price.
Once Amazon eliminates most of other independent online sellers, and becomes the "only online shopping source", they will do whatever they want, leaving buyers no other option but to buy from them at their terms and prices.
Jeff Besos is a smart, egocentric narcissist with evil long term plan. Watch and see, it's coming.
Just like the game "Monopoly."
Amazon is getting closer to being able to buy Walmart. 🤣
SIKE
@@ancientkid1635 Dude...........are you kidding me??? Walmart is actually 25 times bigger than Amazon
@MattS_RANTZ49 Dude...........are you kidding me??? Walmart is actually 25 times bigger than Amazon
Dude.....are you kidding me??? Walmart is like 25 times bigger than Amazon.
@@aceshadowins1310 Yaa Walmart is 25 times much bigger than whole of Amazon put together
I work Amazon Flex. I am an independent contractor. Let me tell you. I earn big bucks. I averaged $35 to $40 an hour when Amazon had restaurant delivery.
I deliver Whole Foods and regular packages. Now days since they discontinued Restaurants last summer. I work a day or two a week usually Sunday and Monday mornings. It’s not my only income. I work other jobs.
1-19-20
I see amazon vans in my area often but never see them actually delivering any parcel.
My Alexa just added coffee to my amazon list. I don't even really drink coffee.
How do you even manage Alexa, if you live in a house with somebody called Alexa? lol xD
Inflated stock value and not paying taxes
Wrong
@@leonardocaicedo1273 you're ignorant af. There's a concept of carry forward losses. They won't pay a dime of tax in '19 too
Who cares if they don't pay taxes. They add way more to small businesses all over the world.
And I love how people attack Amazon for not paying any tax but they still shop there.
Obviously they don't care enough.
@Chris Ruiz i haven't used Amazon in about 10 years. Their owner is the richest man in the world and they got a huge tax refund. They got some of my money without me even using them.
@@logic7374 you mean destroy small business. They run ecommerce at a loss since 1995. Any company can not compete with a company that is allowed to lose money. They also allow copycat items from Asia to flood their market ignoring patents
Let's put it this way no successful company cares about what brought them up.
Ie example McDonald's doesn't care about the burgers joints, they have tons of other companies they run that are much more profitable.
Like basically owning every building in which McDonald's franchises operate. Whether the franchises make a profit or not, McDonald's gets the rent in every month. That's the real business McDonald's is in.
CNBC is doing some great work with these videos
These interviews were taken place a few buildings away from me at Salesforce tower. I love it!
Amazon is the new Standard Oil except they dominate all markets and not just Oil....
Yeah I guess they are if you know nothing about the history of Standard oil
*eye roll intensifies*
@@logic7374 I know that Standard Oil didn't dominate the oil market but they very profitable despite being cheap and having loads of competition hence the comparison which is what led to Standard Oil dominating the market until they were forcibly split up by the U.S. Government...
@wclifton968 -- JD Rockefeller build standard oil into a behemoth. There were no laws at the time against that.
Amazon, on the other hand, does have a LOT of competition. Lots of it.
Standard Oil started an industry, and therefore crushed it .
Big difference.
Amazon as big as Standard Oil? Lol
bitTorrenter which is bigger?
while watching this video, Jeff earned 3 year of my salary
And thats why Jeff Bezos looks like a modern day crocked eyed lex luthor
My thoughts exactly
LOL
Bezos is Elmer Fudd, with a different kind of laugh.
But he a billionaire tho...
This is rubbish
Most of their profit comes from third party storage fees. They charge by the square inch to store products in FBA every month. They are mostly just a storage company since most products just sit and pay the rent. I've also heard reports of Amazon making fake orders which just show up at peoples house that didn't order anything. Sounds like they're just making sellers think as long as they keep products in FBA and paying storage fees, they'll eventually sell. Its basically how they enticed so many sellers around the world to agree to the fees. Think about it, economist will tell you the majority of people in our country are poor and can't even afford a $400 emergency yet Amazon would make you believe everyone is spending billions on their site. Are they really???
Airbnb spends a bunch on web servers yet their website is pretty bad.
and this is an Amazon video?
Amazon's own website is pretty bad
If you're talking about how hard is it to navigate their website, it has more to do with front-end development/UI-UX than their servers...
My Alexa picked up on when he said "Alexa order coffee"
To be honest I love amazon
They do there job they bring every on time
0:40 I've never heard "inventory" pronounced that way before
Neither have I!
Thumbs up x 5,000!
I was hoping someone posted a comment about that!
Dangers of this video: Alexa almost ordered coffee for me
CNBC producing amazing content
Walmart and Amazon are side by side competitors now. Don't forget that. They just do it in different ways. 🎯
I really hate the repeated Dubai commercials. and the Bloomberg ones.
Very In Depth.
Thanks.
I sold bath soap on Amazon for $7 a bar and Amazon was keeping $5.30 of every sale, based on this, your figures of percentage they take are way off. The soap bars, the decorative cartons and the damage free corrugated boxes and outer bar code stickers and tape for each bar cost me $3.25. As you can see, Amazon is an unsustainable place to sell small merchandise like bath soap since Amazon was keeping all my profit. They were also charging me $60 per month to keep my soaps in FBA warehouses. How long do you think sellers will continue to pay these costs to sell stuff on Amazon? One only has to ask, since Amazon was providing the customer free shipping and only taking in $5.30 per soap bar, where's their profit coming from after paying for a box, labor and postage? Their profits are coming from storage fees; not sales! My profits were negative and I went in debt.
I'm loyal to amazon because of their decent prices, sales, fast shipping, and no hassle refunds whenever I get screwed.
😂😂😂
This was very informative! It would be really great if this video could be brought upto date.
One of the biggest reason I love Amazon is because I get my money back within 3 hours after dropping off my package at the UPS store. You gotta wait like 1-2 weeks with others company.
money back like a refund? that is wild.
Today I learnt CNBC doesn’t consider $596M as serious money.
I work at home. This time last year, my company started using Amazon connect VOIP. We were then able to get rid of our landline phones. We log in to the app and talk away.
This is crazy how profitable AWS is comparing with other services like advertising or 3rd party marketplace if we estimate the profit margin of AWS (approximately 28.7%) comparing with the others (app. 1.6%)
How Google didn't do what Amazon did is beyond me, they were years ahead in data and access to consumers
Great episode. Thanks guys!
flipkart left the chat
Haha
Indian spotted
🤣🤣
Amazon is a great company built on best customer service. Profitability will increase because Amazon is market leader in many products.
Wow amazing really when you think about it. That means the customer wins as prices will be super low no other competitor could stop Amazon.
They also rip the poor old post office off $1.45 per package for delivery but, the post office was stupid enough to agree to it.
Thanks for the info!
I’m a seller and so paid tens of thousands to ads to promote my products they earn more from seller than buyers.
India loves amazon so much 💛💛💛💛
@4:33 this guy actually ordered coffee on my Amazon account because Alexa heard it....I'm not even mad about it. 😂
Does anyone else hear the slight beeping / speaker peaking in their interviewees clips?
Yes
It's all about offering exactly what the customer wants at rock bottom prices - service and value
Amazon USA is different from Amazon Global. Amazon Global offers expensive common products that can be found evyerwhere. So it’s not profitable. As a result, Amazon WS is intended to bring profits from global markets. However, AWS has many other competent competitors who provide a server that can store and process data.
Very interesting. The thing that most people know them for (ecommerce) is not what they make money on. Rather, it's their web services, something most people don't know them for
Amazon is buying items in bulk? Isn't Amazon just a platform between the supplier and the consumer. Then gets a commission for every sale on its platform.
Amazon also sell their own brand items, usually really good too, which they make cheaper than other brand items
Amazon monitor best sellers, find their source and in the end they order the product in bulk.
profits may have increased but they're still not paying anything in taxes
Good
So what?
Chris R
Good taxation is theft the way our government is spending it
@@gadsantana8211 explain pls
Someones been watching too much cnn lately
Make a video of how CNBC makes money. Would be very interesting to watch
Great ideas from great man
That was a really interesting video. I thought they would have made more money than that. A story on the most profitable companies would be really good to see.
The state-owned Saudi Oil Company (Aramco) has an easy business model that generates more profits than all of them. It makes all of these genius businessmen with complex business models go crazy.
most stuff on ebay are cheaper than amazon but what makes me buy from amazon is the customer service
Wow this is some insane growth!!! I wonder what will happen to the stock in the next decade!!!!
How many people with Alexa is now trying to cancel their coffee order...
If Amazon increases the price of Amazon Prime, their profits will increase greatly
uhh they recently increased it. not again pls
This video is very helpful
5:00 Growing at 20% is impossible...
COVID-19 has joined the chat
I just wanted to know how amazon manages to sell an item below max retail price and spend on packaging and delivery without taking a delivery charge :/
This makes no sense.
Whenever I hear people try to explain Amazon, they usually makes no sense.
4:33 NO ALEXA don't order more coffee xD
Amazon will soon be #1
So informative.
Next major step should be reducing shipping costs so we'll get it cheaper
They're already working on that, Prime air, more operation centres and they've increased their investment in the transportation area as a whole which will save them billions annually and ultimately benefit both the consumer (quicker deliveries at a cheaper rate) and the business. I mean, Amazon's business model and logistics is just incredible.
Amazons advertising is starting to become more and more profitable. Clicks for Amazon PPC are rising at an alarming rate and poorly managed ad campaigns are continuing to make Amazon a lot of money. Now that Amazon controls more than 50% of all ecommerce sales, brands are taking ad spend from Facebook and Google to put it into Amazon.
With Amazon being an internet powerhouse, I wish they would start offering affordable consumer internet service. I once read that 97 cents of every dollar is profit for Comcast's ISP.
Try and buy something online, without going directly through a store. What avenue do you find?
I use ebay and Amazon a ton. But the Sales tax law in my state starting this year has killed some deals on ebay for sure. For everyday items, Amazon is preferable option now.
Thanks, you just made my Echo try to buy me coffee.
How amazon makes money
They take YOURS. duhhhh
😂
*you give them yours
They're a business, not the government
True. In retail they put you out of business, or make you struggle.
But they also make NEW money like AWS. and advertising.
Sheer Volume in Shipping and Manufacturing. Also getting Grade A Buy Rates with Carriers like Fedex. USPS and UPS.
Every American should buy some of this stock
And most people don't even know AWS. But the right people do.
4:33 Thanks chump, my Alexa just added coffee suggestions to my order list.
We need an 'N word' version of Alexa for fools on tv.
Very informative video
By selling things people want?
Human Being nope
Unless you're a prime member shipping can be expensive sometimes
it is offered quite often for free trials. I paind very little in shiping cost in the last couple months. and it is super quick. The money youbwould spend on shioing, buy prime and get shipping free.
Amazon is really popular here in the uk
Do their shares offer a Dividend?
They should connect the profits of a company with the minimum wage of its employees.. for example, if the company makes 5 bn$ the minimum wage of its employees increase by 25%... if 10 bn$ it increases by 50%,,, something like that....
Also there should be a labor union committee that check on these big companies to make sure the number of employees in a company do match the necessary requirements, and that these companies are not over-burning their employees to save unnecessary cost.
ste you a communist? sure sounds like it.
The two day shipping is very convenient.
Didn't Amazon start out as a bookstore?
Make a video on how they don't pay taxes
Did anyone else’s Alexa respond when they mentioned it in the video? Lol
It all about the prices!
They give the post office like 1 dollar to deliver each package
They are spreading everywhere. I for one welcome out new Amazon overlords.
The new issue is that Amazon is now a company that is considered "too big to fail" which means that the governments of the world will pay into Amazon to prevent a collapse should a recession hit them hard
@@tristianwilson3497 I actually highly doubt that. I can't foresee a situation in which that would be necessary. If so many people depend on Amazon, their business will survive through a recession because people will still use Amazon.
Wait till you child gets hired on and used up like a mouse on a wheel.
@@s.flanders It could very easily happen, yes people rely on Amazon but in the video it said that it makes no profit from delivery services. So say people have groceries delivered cause its cheap, then that's a basis of use. They said that they get money from ad revenue and web services, but the issue with ads are companies put out ads if they have money and if people stop buying then they cant put ads out which decrease Amazon's profit. Secondly if there is a recession people will start to conserve money and wont spend it on the companies that Amazon supports through AWS. There may not be a direct link like GE, but if you look where GE's money comes from you'll see they will have to diminish how much they pay thus also reducing Amazon's profits. It's all hypotheticals and predicting an economy in a downturn is extremely hard. It's all at how you look at it.
@@tristianwilson3497 Amazon's profits may be reduced in an economic crisis (as would the profits of most other companies), but Prime functions almost like a utility now. Most current Prime members will not cancel their membership or stop using Amazon, so Amazon will continue to get that revenue, which will keep them alive.
And even if fewer people use AWS-dependent services, e.g. Netflix, do you think Netflix will stop paying Amazon for servers? No, AWS customers are not going to stop paying Amazon unless they go out of business (or find a better alternative, which doesn't seem to currently exist or AWS wouldn't be growing so quickly).
I really like amazon, but their customer service is awful. I ordered a pair of earrings, never received them, opened a claim and never heard from them. I double checked to make sure I did it correctly and I did and its been three months, and I've contacted them numerous times and nothing.
I use Walmart, Newegg and eBay used stuff and the good old Craigslist.
What about kindle...isnt it generating profit?