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Has Amazon Become Unstoppable?

Written by Monica Savaglia
Posted May 28, 2019

Amazon (NASDAQ: AMZN) has morphed into a supergiant in short time period. It’s the world’s largest e-commerce marketplace, AI assistant provider, and cloud computing platform. It’s become a major disruptor in a long list of industries because of its ability to innovate.

Companies try to emulate the company and its advances — even companies that have been around for a while. These companies are trying to hold onto their place in their own industry. In a way, it’s a fight to the death. The massive retail company Walmart (NYSE: WMT) is one of those companies fighting to stay relevant in its industry and to stay ahead in innovation, or at least at the same level as Amazon.

In 2018, Amazon reported revenue of $232 billion. In 2018, the company hit a valuation of $1 trillion, which made it the second U.S. public company to reach that valuation. Its CEO, Jeff Bezos, remains the richest person in the world and has an estimated net worth of $114 billion.

Amazon and its founder have come a long way from the creation of the company back in 1994 when it was formerly called Cadabra, Inc.

Will Amazon Stop Growing?

You can’t help but admire the growth Amazon has endured and continues to strive for. Its drive and ambition is obviously present, and it doesn’t seem like it will be slowing down anytime soon.

On Tuesday, May 28, Amazon broke ground on its Seaport office, a further expansion of its presence in Greater Boston. This office is expected to open in 2021, and it’ll house at least 2,000 employees in fields such as machine learning, speech science, and robotics. This deal with the City of Boston went into full effect last year.

This was at a time when Amazon announced where it will be building its second headquarters. Its first headquarters is located in Seattle, Washington. The location of Amazon’s second headquarters had cities across the nation fighting for the attention of Amazon to prove that their city would be the best candidate for the new headquarters. Amazon announced that it had decided on two locations for its secondary headquarters: Queens, New York, and Crystal City, Virginia.

Both of these locations would without a doubt grow Amazon’s East Coast presence in a big way. However, in February of this year, Amazon announced that it would be pulling out of building a headquarters in Queens. It seems the Seaport office will be able to make up for the loss of the Queens location.

In Seaport, Amazon will receive $5 million in municipal tax breaks if it hires 2,000 workers and $10 million if it hires 4,000, something that wasn’t going to be possible in the Queens location — or at least something that would experience resistance from a lot of people.

Amazon’s Next Growth Strategy

One of Amazon’s newest growth strategies isn’t that innovative. It’s actually something it destroyed years ago. The company played a huge role in crushing multiple brick-and-mortar chains, but now it’s looking to have its own physical retail footprint to increase its growth.

Amazon has been working on a way to make its return process more affordable for itself and easy for its global customer base. It has decided to expand its partnership with discount retailer Kohl's Corp. (NYSE: KSS).

Back in 2017, Kohl’s and Amazon launched a pilot program in Chicago and Los Angeles to see if letting customers return packages at Kohl’s stores could be successful. It looks like those numbers proved to be valuable because both retailers decided to expand this program to reach more than 1,150 stores. This announcement came right after Kohl’s mentioned it will be selling Amazon-branded devices in 200 locations.

This is a win-win situation. Over the past few years, Kohl’s foot traffic has been declining. Having the ability to partner with one of the biggest e-commerce companies in the world is going to increase traffic into Kohl’s stores. On the other side of it, Amazon will be able to ease the burden of the return process for customers and reduce any unnecessary return costs for the company.

As Amazon continues to grow larger every day and other companies partner with it, it makes you think you’re being told everything about the company. It also makes you think about what’s going to happen to other companies out there.

It raises questions like: How big can Amazon really get without hurting other industries and small businesses? A lot of people believe small businesses are the backbone of the economy. If that is true and it’s important to the American people, then what happens to Amazon? What do we do to ensure it doesn’t grow so large that it pushes out all its competitors?

Here’s What You Don’t Know About Amazon

You’ve most likely heard all this before. Amazon continues to be a news headline everyone is interested in. But there’s something you probably don’t know about Amazon that hasn’t been in the regular headlines.

Amazon has been accused of being anti-competitive, and the U.S. federal government has a few ways to make sure it doesn’t fall into that category. Amazon has worked out a deal with a branch of the U.S. government so it can get cash into the hands of everyday people. The amount it pays out has grown to more than $1.498 billion every single year.

You’ve probably never heard any of this before, which is why you should tune into a video presentation that goes more in depth about how these payouts work and how you can become one of the everyday people earning extra income because of Amazon.

We’ve broken it down, and we’re sharing the details with you so you can start earning as much as $48,000 this year. Take 30 minutes out of your busy day to learn everything you need to know to start collecting some of your own profits. As with most good things, there is a deadline to these payouts. This payout’s deadline is June 12. You’ll regret letting this opportunity slip by.

Until next time,

Monica Savaglia Signature Park Avenue Digest

Monica Savaglia

Monica Savaglia is Wealth Daily’s IPO specialist. With passion and knowledge, she wants to open up the world of IPOs and their long-term potential to everyday investors. She does this through her newsletter IPO Authority, a one-stop resource for everything IPO. She also contributes regularly to the Wealth Daily e-letter. To learn more about Monica, click here.

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