Current Events > Bezos did the Amazon thing because he was jealous of Elon Musk

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Balrog0
02/05/20 4:14:29 PM
#1:


http://cityobservatory.org/amazon_bezos_jealous/

Bloomberg Business has a behind-the-scenes post-mortem of the Great Amazon HQ2 sweepstakes, Behind Amazons HQ2 Fiasco: Jeff Bezos Was Jealous of Elon Musk. In the Fall of 2017, Amazon announced a high stakes competition for cities across North America to become the site of the companys second headquarters location. As Spencer Soper, Matt Day and Henry Goldman chronicle, the competition was kicked off by Jeff Bezos growing jealousy over rival billionaire Elon Musks $1.3 billion subsidy deal for Teslas electric battery plant in Nevada.

When Elon Musk secured $1.3 billion from Nevada in 2014 to open a gigantic battery plant, Jeff Bezos noticed. In meetings, the Amazon.com Inc. chief expressed envy for how Musk had pitted five Western states against one another in a bidding war for thousands of manufacturing jobs; he wondered why Amazon was okay with accepting comparatively trifling incentives. It was a theme Bezos returned to often, according to four people privy to his thinking. Then in 2017, an Amazon executive sent around a congratulatory email lauding his team for landing $40 million in government incentives to build a $1.5 billion air hub near Cincinnati. The paltry sum irked Bezos, the people say, and made him even more determined to try something new.
And so, when Amazon launched a bakeoff for a second headquarters in September 2017, the company made plain that it was looking for government handouts in exchange for a pledge to invest $5 billion and hire 50,000 people.


the captains of industry, folks

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AngelsNAirwav3s
02/05/20 4:17:20 PM
#2:


I mean was he jealous? Or did he just see Tesla make a shit load of money by comparing bids from different cities and going with the best location for the business, and copy the Tesla business plan?

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Jiek_Fafn
02/05/20 4:19:50 PM
#3:


And so, when Amazon launched a bakeoff for a second headquarters in September 2017

I wish they would've competed in an actual bakeoff. I'm curious to see the quality of country fried steak that Tennessee could make to get Bezos' attention.

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Balrog0
02/05/20 4:21:16 PM
#4:


AngelsNAirwav3s posted...
I mean was he jealous? Or did he just see Tesla make a shit load of money by comparing bids from different cities and going with the best location for the business, and copy the Tesla business plan?

its both, though your framing is wrong, because Bezos made a lot of money by tricking places into thinking he was considering them and leveraging those offers against the places he was actually going to choose

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darkphoenix181
02/05/20 4:23:00 PM
#5:


Isn't Bezos so much richer than Elon it is not funny?
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AngelsNAirwav3s
02/05/20 4:25:47 PM
#6:


Balrog0 posted...
its both, though your framing is wrong, because Bezos made a lot of money by tricking places into thinking he was considering them and leveraging those offers against the places he was actually going to choose

Or maybe Amazon just collected bids and compared them?

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Balrog0
02/05/20 4:27:22 PM
#7:


AngelsNAirwav3s posted...
Or maybe Amazon just collected bids and compared them?

It's possible in a theoretical sense, but in practice, no.

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