Click below for the second episode of the podcast I mentioned last week. The answer to the question, whether Facebook is fixable, was a surprise. Although we use that platform, if passively, to promote entrepreneurial conservation in our businesses, I personally chose not to have an account. It was only recently that I began appreciating the value of that decision. Now, something similar with Amazon, for which I have had equal measures of awe and wariness. This episode helps me understand the details that make my instinctive wariness insufficient.
Some time later this year, Amazon could become the first trillion-dollar company in American history. Its valuation has already doubled in the last 14 months to about $800 billion, and Jeff Bezos, its founder and CEO, is officially the richest man on the planet.
There are ways in which Amazon seems to be the greatest company in American history. It’s revolutionized the global shopping experience and expanded into media and hardware, while operating on razor-thin margins that have astonished critics. But some now consider it the modern incarnation of a railroad monopoly, a logistics behemoth using its scale to destroy competition.
So what is Amazon: brilliant, dangerous, or both?