Mighty Amazon strikes again. Getting the key to your front door, making moves into the prescription drug business and more. Will Amazon take over our lives?
Next up from Amazon: the online shopping giant wants to come through your front door. Wants access past your locks to deliver what you’ve ordered. “Amazon Key.” Into your house. It’s more than a metaphor for Amazon’s continuing stunning push into what can feel like every corner of our lives. Next target may be prescriptions for your medicine cabinet. While you talk to Alexa and watch Amazon TV shows. This hour, On Point: Amazon, through the front door and everywhere. --Tom Ashbrook
Scott Galloway, professor at NYU Stern School of Business and author of "The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google."
Allan Sloan, columnist for the Washington Post.
From Tom's Reading List:
Seattle Times: Jeff Bezos Zipping Past Bill Gates As World's Richest Person As Amazon's Stock Surges — "Amazon founder Jeff Bezos seemed poised to capture the title of the world’s richest person, hurtling past Microsoft counterpart Bill Gates, as the value of his stake in the online retailer surged after an upbeat earnings report. Shares of both Amazon and Microsoft soared toward record highs on Friday, bolstered by strong quarterly financial results that had Wall Street analysts scrambling to revise their already sunny forecasts for the technology giants."
The Economist: The Mighty Amazon — "For shoppers in 2017, it can be hard to remember what life was like in the early 1990s. There was mail order, but by and large if you wanted to buy something you went to a shop. Jeff Bezos, Amazon’s founder, who was then working for a New York hedge fund, noticed the exponential growth of the internet. His idea was to create an online company that would bring together shoppers and manufacturers around the world, starting with books. Not everyone was convinced."
The Washington Post: Why Trump Might Be Driving Amazon HQ2 To Canada — "One of the most interesting parlor games in the business world these days is trying to guess where Amazon.com will locate its second headquarters and the 50,000 jobs that will supposedly be created by Amazon HQ2.
So it’s time for me to get my bet down, and I pick . . . Toronto. As in Ontario. As in Canada."
Excerpt Of "The Four" By Scott Galloway:
This program aired on October 30, 2017.