Amazon continues its War on Friction by letting people pay with the palms of their hands Amazon isbuildingin-store checkout terminals that can scan customers’ hands instead of their credit cards, according toThe Wall Street Journal. The company is working with Visa (and in talks with Mastercard) to build out this system, which will require customers to link their hands with debit/credit cards once... and then allow them to simply wave their hands to make purchases thereafter. You’ve gottahandit to Amazon… They really are creative when it comes to convenience. Jeff Bezos -- the King of Convenience, the major-domo of marginal dollars -- is constantly looking for ways to make it easier for his customers to spend money byreducing friction. This palm program is a classic example: Hand scans eliminate the slight inconvenience of scanning a phone or (gasp) swiping a credit card -- and therefore make it marginally easier to spend cash. Amazon’s entire empire is built on frictions found and then phased out: Standing in line.Solution?Amazon Gostoresallowcustomers to shop without checking out. Entering your info online.Solution?Amazon 1-Clickorderingallowscustomers to order with a single click and avoid entering their info. Living in a sh*tty apartment.Solution?Amazon Huballowscustomers to pick up packages at lockers, andAmazon Keyallowscustomers to remotely let Amazon into their cars and houses to drop off packages. Forgetting to reorder.Solution?Amazon Dashallows customers toautomatically restocksupplies withSmart Shelvesorverbally commandDash Wandsor other Alexa-connected devices to reorder items (Amazon Dash buttons werediscontinued).
MacKenzie Bezos MacKenzie Bezos has sold around $400 million worth of her Amazon shares, though she still holds 19.5 million shares in the firm. Her ex-husband, Jeff Bezos, still retains sole voting control of all those shares. CNBC
didn't you? Ppl aren't giving a fuk about their consumerism right now....though 10%, that's quite a bit
No, I did not see it coming on how it would impact the NQ. When was the last time we see a 100-point gain on NQ in 5 minutes? Oh, it was like just over a year ago, when it gained 400+ points in a day..
Amazon revenues Amazon's share price popped 10% in after-hours trading, thanks to the company hitting a new Q4 sales record. Profits were up 8% for the quarter, having fallen by 25% in Q3—Q4 profits handily beat Amazon's own estimates, and EPS of $6.47 blew way past analyst estimates of $4.04. Raymond James analyst Aaron Kessler: "The fact that they have been able to offer one-day shipping and also at the same time drive some efficiency has to please investors." Wall Street Journal