Inside | Real news, curated by real humans
Inside Amazon

Inside Amazon (Sep 11th, 2019)

1. U.S. antitrust officials are investigating claims Amazon is using its dominance in the marketplace to hurt competitors. Officials are interviewing small businesses that sell products on the site attempting to determine how much of their revenue comes from Amazon as opposed to eBay and Walmart's online marketplaces. The investigation is a part of the FTC's larger antitrust probe into major tech giants such as Google and Facebook. - BLOOMBERG

  • Email gray
  • Permalink gray

2. Amazon has signed a lease for a three-story vertical warehouse, the first American multi-story building of its kind that large delivery trucks can access by ramps. With the new Seattle-based warehouse, the tech giant hopes to reduce delivery times in busy cities from days to hours. It will be sharing the space with Home Depot, who will take almost 100,000 square feet, while Amazon will take roughly 500,000 square feet. - WALL STREET JOURNAL

  • Email gray
  • Permalink gray

3. Surescripts, a company that manages electronic prescriptions, ended its partnership with ReMy Health, which supplied Amazon PillPack with data about patient prescriptions. As a result, it will now be harder for Amazon-owned online pharmacy PillPack to gain such information. Instead, it now has to manually reach out to doctors or patients for that data, which could lead to errors. Surescripts ended its contract with ReMy Health after it said it found evidence of fraudulent behavior. - CNBC

  • Email gray
  • Permalink gray

4. Amazon failed to open 56 new Go stores by the end of 2019 as they had initially planned in April 2018. According to 2018 documents viewed by The Information, the retailer also had planned on opening 156 Go stores by the end of 2020. So far, Amazon has only opened 18, 15 of which are available to the public and are based in Chicago, New York City, San Francisco, and Seattle. It is unclear why the tech giant did not go ahead with these plans. - THE VERGE

  • Email gray
  • Permalink gray

5. Shopify is attempting to take on Amazon with a new Shopify Fulfillment Network technology acquisition. The company announced it had completed a $450 million deal to acquire warehouse fulfillment solutions provider River Systems for about $450 million. As its founders previously worked as executives for Kiva Systems, before Amazon purchased it and turned it into Amazon Robotics, the move will give Shopify access to the same level of robotics expertise as Amazon. “Expect further acquisitions and partnerships as the Shopify Fulfillment Network scales... logistics capabilities are an imperative for merchants in order to compete with Amazon,” Baird analyst Colin Sebastian wrote. - THE MOTLEY FOOL

  • Email gray
  • Permalink gray

Written and curated by Inside Dev and Inside Deals Editor Sheena Vasani, a freelance journalist based in California. Proficient in Javascript and Ruby. Got my start at Dev Bootcamp and Thinkful.

Editor by Bobby Cherry, a senior editor at Inside.com who also curates Inside Pittsburgh.

  • Email gray

Subscribe to Inside Amazon