Yeah, I remember Amazon the book store. I still had my mom take me to the local bookstores, cause I knew them and the people, so I was comfortable lol. I remember when Prime launched. I don’t think anyone was expecting that, at the time. Free 2-day shipping on so many products was insane. And all for $89?/yr? Especially, when everywhere else online charged anywhere from $5-10. It was truly the Walmart of the online world. They ate shipping costs, which killed them, and put hurt their competition until AWS became such a powerhouse and they had a monopoly on online marketplaces.
LincolnsDogFido@lemmy.zip 2 weeks ago
That’s what’s crazy to me, they survived the dot com crash and were so diversified that I have no idea how they stayed afloat. I would think that all of the combined expenses across all of their ventures without a true cash cow would sink them. Instead they survived and became the trash heap of consumer rights violations that they are.
UnspecificGravity@piefed.social 2 weeks ago
Prime launched after the dot com crash. The reason Amazon survived is because they WEREN’T running a dozen different ventures. They were an online bookstore and people kept buying books. Amazon benefited from the crash because that was when they started buying up servers to build AWS.