Thank you @FinancialTimes for naming "The Everything War: Amazon's Ruthless Quest to Own the World and Remake Corporate Power" as one of your best summer business books!
ft.com/content/a54dc0…
Amazon says it doesn't use information on third-party sellers to inform its private-label business. But interviews with more than 20 employees and documents I reviewed show a pattern of using this data to create their own competing items
on.wsj.com/2VtOxge$AMZN
Scooplet: MacKenzie Scott, the billionaire philanthropist and ex-wife of Jeff Bezos, has remarried. Her new husband is a science teacher at Seattle’s Lakeside School
Documents I reviewed from an Amazon employee had data on a 4-person Brooklyn Amazon seller that makes car accessories. The data showed they sold 33,000 units over 12 months. It had Amazon's profit per sale. In September, Amazon launched competing items
Some exciting personal news: Starting next month, I will be covering Amazon for WSJ. Will be looking to speak to current/former employees, vendors & others as I gear up, so feel free to shoot me an email: [email protected]
To recap:
CVS buys Aetna for $69B in October
Cigna buys Express Scripts for $54B in March
Walmart in talks to buy Humana, which has $54B market cap
Lots going on in health insurance/retail
Ms. Scott is the world’s 22nd richest person with a net worth of $53 billion. She and her new husband have both signed the Giving Pledge to donate the majority of their wealth to charity.
Amazon is planning to hire 100,000 new delivery and warehouse workers in the U.S. to meet demand as people turn to ecommerce while social distancing. Will raise pay for employees in those functions through April
Elon Musk has said he is committing around $45 million per month to a new Super PAC focused on re-electing Donald Trump. Scoop with @EmilyGlazer@khadeeja_safdar
Excited to share that my book is now available for pre-order! I have spent years reporting "The Everything War." It is the first untold exposé of Amazon’s endless strategic greed in pursuit of total domination. Available for pre-order here: hachettebookgroup.com/titles/dana-ma…… $AMZN
Want Amazon as a client? Often times that means issuing the tech giant warrants in your company that could amount to Amazon owning 20% of your stock and becoming your largest shareholder. My latest: wsj.com/articles/amazo…$AMZN