Visit ⁠Dear Shareholders⁠ website to get updates and vote on what shareholder letters come next.

Show Notes:

• Amazon's business strategies and success. 0:00

  • Amazon's CEO highlights three life-long business partners: marketplace, prime, and AWS.

  • Amazon's hybrid model of selling products from both Amazon and third-party sellers has been successful, accounting for 40% of units sold worldwide.

• Amazon's global expansion and Prime benefits. 3:12

  • Amazon expands global marketplace, helping sellers reach customers worldwide.

  • Amazon launched Prime 10 years ago with free and fast shipping, despite being told it was risky.

• Amazon's business strategies and growth. 7:43

  • Amazon invests in original content for Prime Instant Video, with positive impact on membership and sales.

  • Amazon Prime Now offers free 2-hour delivery on 1000s of items in select cities, with one-hour delivery available for a fee.

  • FBA (Fulfillment by Amazon) completes the circle between marketplace and Prime, providing more sales for sellers and more Prime-eligible selection for members.

  • AWS growth driven by speed, agility, and cost savings for customers and enterprises.

• AWS adoption and innovation. 14:00

  • AWS helps IT departments complete tasks faster and more efficiently.

  • Amazon Aurora offers 5x better performance at 1/10th the cost of commercial databases.

• Amazon's business strategies and growth. 16:58

  • AWS leadership position and customer satisfaction drive growth and profitability.

  • Amazon launched the Career Choice Program, prepaying 95% of tuition for in-demand fields like airplane mechanic or nursing, with over 2000 participants in 8 countries.

  • Amazon aims to draw great talent to serve customers in fulfillment and customer service centers, with a focus on career choice and innovation.