the unstoppable local-biz-swallowing pseudo-monopoly that is AMAZON

man alive otm. The Wanamaker principle still applies (half of the money you spend on advertising is wasted, but you don't know which half).

We probably haven't reached that point yet. I think saturation is under-studied - in fact I'm sure of it, because of how many ads I see for things I already have, or for things that are functionally identical to something I just bought. Someone somewhere is working on that, but they're not there yet.

also the idea is to move your advertising dollars out of places that can't offer fine-grained data, as in the move from advertising with publishers to advertising with Facebook and Google

My one experience of pico-targeting was almost 20 years ago in pharma-world. Someone in my professional orbit got hold of DMV height/weight data and sent direct mail about a diabetes clinical trial to specific people based on their BMI. Intrusive? Yes. Possibly beneficial, even life-saving? Maybe, it's impossible to know at this remove.

Personally I don't give a shit if somebody at Amazon knows that I like carrots. Is that information going to influence me to buy more or fewer carrots, or different carrots? Maybe, but it's so inconsequential that I just can't get up in arms about.

We're not far off from a robot scanning the urine stream from my household sewer pipe. Let's say it determines that someone here has moderately high blood sugar, and someone else really likes weed? Not so comforting.

A middle case: Google notices that I'm shopping for a coffeemaker and starts aiming ads for different coffeemakers at me. Now, at some point in this process, I will have made my choice and executed it. At that point it's a waste of time to keep showing me different coffeemakers. I'm not going to buy another one for a few years. At that point, it should be showing me ads for coffee, filters, cups, etc. But we're not there yet.

ok ive got an idea.

we automate retail, but rather than robots or AI, we use cam-driven drones.

we make youtube stars, celebrities, and tv personality perform live cams for 8 hours a day, serving people food, entertaining them, etc. this is their job after all.

it is part of an internet nationalization act that also grants free public wifi in every major city.

a massive federal info infrastructure project makes this possible, funded in large part by the media personalities that benefit from the coverage these systems have provided in the past. also by having Facebook/Twitter/Google/etc all heavily taxed.

really hoping they don't go with Boston/Somerville but it feels like one of the most likely outcomes rn

http://www.grubstreet.com/2018/01/shoplifting-amazon-go-grocery-store.html

final image is v depressing

You can't get in without the app on your phone

Between this and MoviePass, I'm psyched to see myself already barred from IRL retail activity bcz I refuse to getr a cellphone. I know I'll live to see restrictions on my life as a citizen as well. #TryAndMakeMe

did anybody link to this yet? i just listened today. it MUST have come from this thread right?? well.. anyway

https://www.wnyc.org/story/amazon-antitrust-monopoly/

kind of mindblowing that amazon can crunch the traffic data from AWS to see which startups are doing good business, and then Amazon's venture capital arm invests in them or buys them outright

fucking hell

time to break up and/or nationalise amazon obv

Missed this from a couple weeks back: Jeff Bezos is the richest person in history

Like, I knew he was the richest person in the world but I hadn't quite made the cognitive leap that this likely meant the richest in the world ever.

yeah that is stupefying tbrr

pretty impressive for the owner of a company that has yet to actually make any significant profit iirc

time to start sharpening the guillotines

did this ever get posted here? (too large to embed, sorry): http://static2.businessinsider.com/image/56abe654c08a80431d8bb4ef-1200-900/20160129_amazon_bi.png

too big to fail

what if amazon crashing is what does in the economy

amazon subprime morelike amirite

trademark that now imo

I was talking to my FIL recently about that, how Amazon's business model is very deliberately to not make a profit but rather to spend everything on eating the entire market for everything. Not sure if that means that there's some hypothetical point 20 years in the future where they actually do have monopoly power and start earning profits?

they will distribute 1/3 of america's food, clothing and leisure goods and employ a fifth of the workforce, leading to a semi-hostile government takeover
#illuminatiisreal

Ordered stuff from amazon there it's good

power washer?

Alas

ffs

(haha, as if they give a shit about you specifically).

oh, but they do. because you have specific money and they want it. and the more they know about you specifically, the greater their chances of acquiring that money which is in your specific pocket and not someone else's. but I agree that they don't give a shit beyond that very specific point. if you broke your neck, they'd only try to sell you a hospital bed.

Amazon is such a weird bloated machine now. Some items have become difficult to shop for just because there are so many different options, the sorting systems are so bad/broken, and the reviews are not reliable. E.g. you look for a certain kind of electronic item or light bulb and there are 30 different unknown chinese manufacturers and you're always taking a chance that you'll pick the one that's absolute shit.

Just last night on Amazon, I discovered a) a professionally-packaged bootleg DVD set of a TV show that has not been officially released on DVD, and b) a PS3 peripheral (explicitly advertised as compatible with the PS3) which features one-star reviews going back several years from people who unanimously confirm that said peripheral does not work with a PS3.

It's like a global flea market

if there's anything that links all the disparate "tech" companies now it's enabling brave new forms of con artistry

lol I should unbookmark this thread before I fall any deeper into the trench

you can get anything on there

https://images-na.ssl-images-amazon.com/images/I/31UTUWZTFML._AC_US436_QL65_.jpg

https://images-na.ssl-images-amazon.com/images/I/51Yyy8DAoXL._SL1097_.jpg

https://images-na.ssl-images-amazon.com/images/I/51-6ECDPNBL._SL1097_.jpg

thisisfine.jpg

https://i.redd.it/pc6tbns245c01.png

Yes but it doesn't just eliminate them for one day so that's why it adds up to 2.8bn I mean this is simple stuff folks

billions of dollars and he still has no hair

fp'd for baldphobia

bald-exclusionary radical feminist

at least jeff bezos and i have one thing in common

which is to say i too am a billionaire

i fucking love capitalism

https://i.imgur.com/MUuZ9sr.jpg

that's a hell of a triple header headline alright

feel sick now thanks

I know that for all intents and purposes holding stock in Amazon is "wealth" but some part of me sees the number that counts all of his stock as personal net worth and thinks "fake money"

now if he had all those billions in hundos under a really big mattress, now we're talking

By that definition probably almost any billionaire has a lot of his wealth in "fake money." Maybe more diversified fake money.

all money is fake money

I guess the "fake" aspect is that Bezos couldn't just like liquidate his Amazon stake and suddenly have $113 billion in cash. But that's an almost meaninglessly large amount of cash anyway -- I don't even know what you could do with it other than buy another huge corporation.

the NYT probably has a section for that now

sad lol

Imagine the luxury you could live in while trying to work out what to do with 113 billion

hey, it's not that much; a couple billion for food safaris, a couple billion for illuminati school, all of a sudden you're stretching just to pay for next week's jet service to the ponce de leon institute for a long overdue blood transfusion...

a billion here, a billion there, pretty soon you're talking about real money