Amazon now has more than 200 million Prime subscribers, more than 100 million smart home devices are connected to its Alexa voice assistant and users are estimated to have spent more than $10 billion during the company’s latest annual sale day last month
Industry analysts question the sustainability of this trajectory 📈
“There are obviously limits to the Prime membership penetration,” GlobalData Retail’s Neil Saunders says. “It’s not conceivable that that will continue to grow…you’ll just run out of people who are interested”
Yet this may not be an issue for Amazon
Away from consumers, it already obtains half its operating profits, and arguably more power, by selling services to other companies
Andy Jassy, soon to succeed Bezos as the group’s chief executive, has spent the best part of two decades building Amazon Web Services, which controls about a third of the lucrative cloud computing market
Amazon, underpinned by a relentless drive for dominance, is well used to vying with competitors
Many believe however that the biggest threat on its horizon is posed not by rivals but by regulation ⚖️
The House of Representatives judiciary committee recently approved a proposed legislative crackdown on technology companies both running a platform and using it to sell their own products and services thetimes.co.uk/article/us-con…
This rising political and regulatory interest in Amazon is not confined to the US.
Watchdogs in Britain, Europe and India are among those sharpening their scrutiny of the company
Pressure is also growing internally 👷♂️👷♀️👷♂️
As Amazon's workforce continues to swell, efforts to mobilise are multiplying. Teamsters, one of America’s leading trade unions, recently voted to hold a nationwide push to take on the company
Bezos' successor Jassy — braced for challenges from governments, competitors, and even within Amazon’s own workforce — faces the difficult challenge of staving off a new dawn
In February Amazon’s founder reassured staff that it remained Day 1, despite the transition
“Day 2 is stasis,” he had warned a few years earlier, “followed by irrelevance, followed by an excruciating, painful decline, followed by death. And that is why it is always Day 1.”
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Bexy Cameron was born into a sect that was notorious for exploitation and sexual abuse. Now she’s written a memoir about what it was like to grow up in a movement founded by a predator. thetimes.co.uk/article/inside…
Cameron was born into the Children of God, the notorious cult that, at its peak, had more than 10,000 members in 130 countries.
By the time she escaped at 15 there had been “experiences”, she says, alluding darkly to the sexual abuse of children for which the cult became infamous.
At some point, a completely new pathogen would emerge for which a completely new vaccine was required. And at Oxford’s Jenner Institute at the start of 2020, they were ready. 💉
The small problem, says Professor Sarah Gilbert, is that when Disease X arrived, no one had anticipated a very specific scenario. What if they themselves – the people working on that vaccine – ended up being in the same country as the disease?
“Once I was working, I got into the habit of living on 10% of my earnings and saving 90%. This was, of course, only made possible by the privilege of living rent-free. For that, I am speechlessly grateful to my parents,” says @MCChappet.
“House prices have risen so starkly, steeply, and so out of step with stagnant wages it’s laughable.”
#WorldAtFive🌍: The Communist Party is obsessed with the past, but its centenary celebrations suppress some of its defining moments like famine, purges, and the Tiananmen Square massacre, writes @tangdidi. thetimes.co.uk/article/the-hi…
Instead, President Xi when speaking at the event invoked a history of international humiliation, poverty and struggle to rouse the Chinese people and bolster party support.
“Any attempt to deviate from the official narrative is described as “historical nihilism” and considered an attack on the party.” Says @tangdidi.
Exclusive: Supporters of Angela Rayner are preparing for her to challenge Sir Keir Starmer’s leadership of Labour if the party loses the by-election in Batley & Spen today thetimes.co.uk/article/angela…
The Times has learnt that MPs close to the deputy leader have been canvassing support among parliamentary colleagues and trade unions for the move
Senior figures at Unite, Labour’s biggest union backer, are willing to support a challenge but they have not discussed the idea with her directly and she has not told them she wants the job
#WorldAtFive 🇦🇫 : Afghanistan’s former president Hamid Karzai has described the 20-year Nato campaign in his country as a “military failure” that has allowed terrorism and extremism to flourish there, as the last US-led troops leave the war thetimes.co.uk/article/you-ha…
“The country is in shock, in such dire, dire straits,” Karzai told The Times at his home in Kabul. “Look at the scene. We are in shambles. The country is in conflict. There is immense suffering for the Afghan people."
Karzai, a politician and Pashtun tribal leader from Kandahar who led Afghanistan for nine years as president, continues to wield considerable influence both inside the country and abroad.