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Nick Martell

👤 Speaker
18851 total appearances

Appearances Over Time

Podcast Appearances

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

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.

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

Well, you know how everyone wants to get in early on like the next big AI company that's going to IPO?

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

Amazon did it twice.

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

Amazon owns $50 billion of open AI stock and $70 billion of anthropic stock.

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

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 Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

The reason?

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

A Michigan alum came to my classroom to talk about the new Amazon division he was leading, automotive.

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

I'm sorry, Jack, pump the brakes.

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

Amazon getting into cars?

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

I could not believe-

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

that this online e-commerce store was starting a car division.

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

Yeah, so Jack was obviously sold and he bought the stock.

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

And Amazon has made huge progress on this final frontier of e-commerce disruption.

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

The car dealership.

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

Because in fall of 2024, Amazon launched Amazon Autos with Hyundai as the first car maker.

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

Today, Amazon's got Ford, Kia, Mazda, Subaru, Chevrolet, and Jeep.

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

All can be bought on Amazon.com.

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

At this place, by the holidays, you'll be able to order a monthly Lamborghini subscription with two-day shipping.

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

Plus, Hertz now sells their rental cars on Amazon once they no longer have that new car smell.

The Best One Yet
🤬 “Annoyance Economy” — Why Surcharges surge. Amazon’s car biz. Sotheby’s starving artists. +Tomato Blockade

Yeah, instead it's Terminal D smell.