The giant Amazon (Amazon.com, Inc.) is the world’s largest e-commerce and public cloud company by revenue and market capitalization, with a turnover of $ 386 billion. On the road to success, Amazon has launched numerous unsuccessful projects. According to the head of the company Jeff Bezos, failures and mistakes, even at a cost of billions of dollars, are essential steps on the path to success. Read in my article a list of the most failed projects from Amazon.
The Fire phone was presented in a smartphone form factor in June 2014. However, it received negative reviews for its lack of basic features and high price, after which Amazon reduced the price from $ 200 to $ 0.99, and a year later completely discontinued the product. This was one of the biggest failures from Amazon. According to analysts’ estimates, the losses from the project were worth $ 170 million.
Amazon launched online fashion retailer Endless.com in 2007 as its first standalone brand for online shopping outside of Amazon.com. The focus was on shoes and accessories.
However, Endless.com closed in 2012 and visitors to that address are now redirected to Amazon.com/fashion.
Amazon Game Studios
In 2012, Amazon created its own studio for the production of computer games. Jeff Bezos envisioned Amazon Game Studios as a successful and efficient part of the corporate ecosystem. But the game received devastating reviews from the press and gamers. A week after the release, the audience of the game on Twitter dropped to 1000 viewers, and literally six months later, in October 2020, support for Crucible was discontinued.
Amazon Restaurants is a service that specializes in delivering freshly prepared meals from restaurants. In London, the service was launched in 2016 and ceased operations in 2018. Amazon did not comment on the closure, possibly due to the competitive UK food delivery market.
Amazon once owned a platform that allowed small and medium businesses to set up their own store and sell products online. In 2015, Amazon announced that the Webstore would be closed for a year. Later, the retailer entered into a partnership with Shopify, in which it attracts customers to the services of this company.
Amazon Local’s “hot deals” site, reminiscent of Groupon and LivingSocial, also shut down in 2015.
As we can see, without innovation, and therefore experimentation, it is impossible to move forward and make a breakthrough. Do you know of other failed projects from Amazon? Share your opinion in the comments below! If you wanna learn more or know more you can contact my team or you can jump into a one-on-one call with me right now clicking one of the the below buttons.
He uses to dedicate part of his life to inspire others and help them achieve the most out of their lives. Since he was 20, he had successfully founded and managed several companies operating in the field of management consulting, wealth management and fintech. He is Member of Institute of Directors in London, Member of Changer Club in Riga, Member of Fintech Association of Hong Kong, Member of Singapore Fintech Association, Member of Non Executive Director Association in London and Member of Alumni Network of Draper University in San Francisco. He loves travelling, he is a cigars lover, an amateur golfer and a dapper man.
DO YOU NEED MY TEAM HELP?
Please write me an email with your specific case, my team will be more than happy to help you to find the best solution for your business need or to advice and support you to start a new business venture.Contact me
DO YOU WANT TO JUMP INTO A ONE-ON-ONE CALL WITH ME?
Take your chance to learn from who have done most of the stuff he is talking about for himself and he knows what works – and what doesn’t – in the real world.
Book a Wake Up Call with me, if you are moving the first steps in the business world and you wish to learn how to get started!Wake up call
Book a Check Up Call with me, if you are already in business and you wish to check up your business and leverage my experience to improve your structure or expand your business.Check up call