Nick Martell
👤 SpeakerAppearances Over Time
Podcast Appearances
First, before we start this story, we just got to share this fascinating fact that has nothing to do with the story, but we just wanted to tell you.
Well, you know how everyone wants to get in early on like the next big AI company that's going to IPO?
Amazon did it twice.
Amazon owns $50 billion of open AI stock and $70 billion of anthropic stock.
But yet he's back to our Amazon car story because when Jack was in business school, he actually bought his first few shares of Amazon stock.
The reason?
A Michigan alum came to my classroom to talk about the new Amazon division he was leading, automotive.
I'm sorry, Jack, pump the brakes.
Amazon getting into cars?
I could not believe-
that this online e-commerce store was starting a car division.
Yeah, so Jack was obviously sold and he bought the stock.
And Amazon has made huge progress on this final frontier of e-commerce disruption.
The car dealership.
Because in fall of 2024, Amazon launched Amazon Autos with Hyundai as the first car maker.
Today, Amazon's got Ford, Kia, Mazda, Subaru, Chevrolet, and Jeep.
All can be bought on Amazon.com.
At this place, by the holidays, you'll be able to order a monthly Lamborghini subscription with two-day shipping.
Plus, Hertz now sells their rental cars on Amazon once they no longer have that new car smell.
Yeah, instead it's Terminal D smell.