EP298 - Amazon Q3 Earnings Episode 298 is a recap of Amazon's Q3 2022 Earnings Report. Episode 298 of the Jason & Scot show was recorded on Friday October 28th, 2022. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. Transcript Jason: [0:23] Welcome to the Jason and Scot show this is episode 298 being recorded on Friday October 28 2022 I'm your host Jason retailgeek Goldberg and as usual I'm here with your co-host Scot Wingo. Scot: [0:38] Hey Jason and welcome back Jason Scott show listeners Jason wouldn't be a Jason Scott show if we didn't have a Little Star Wars talk I have a confession, I'm really digging and or I think the rest of the Star Wars universe is out there hating on it but I'm really enjoying it I really I liked the character from Rogue one and it's been fun seeing kind of a slower more character-driven Star Wars so have you had a chance to watch that at all. Jason: [1:07] I have I have and I'm with you now I'm not sure I was with you at the beginning it took me a little while to warm up to it. But definitely the last three or four episodes have been a lot more engaging so now I'm eager for the next episode to come out. Scot: [1:24] Yeah and then when I haven't seen it it's getting a lot of buzz those tales of the Jedi which this is kind of from the right before A New Hope ERA with and or and then tells of the Jedi goes back to the prequels so talking about some of the characters there and then clone wars and stuff so that's on my list of things I'm going to do this weekend. Jason: [1:41] Fun I watch the first episode of that this won't be a problem for you but we're like oh cool another animated Star Wars series this would be great to watch with our seven year old and it's. A little dark it's a little it's a little adult for a seven-year-old. Scot: [1:57] Had to fast forward some places. Jason: [1:59] Yeah we had to be ready. Scot: [2:01] Well thanks for joining us everyone we wanted to talk to this is the you know we're in this critical part of the retailgeek calendar where we're barreling towards Halloween we got Q3 behind us and we're were basically into the holiday season so we wanted to update everyone on some of the releases that came out here from the big companies specifically Amazon we're going to take a deep dive into that but I always think it's interesting to kind of see the setup longtime listeners will remember that one thing I think both Jason are proud of is we identified at Apple's changed privacy called IDF a some people call it a TT I'm just going to call it I DFA to keep it simple as this huge problem that no one was willing paying attention to and we are still feeling the ripples for that. What's been Jason two years now two years later 18 months. Jason: [2:51] Yeah it's crazy. Scot: [2:52] Yes so it's gotten it's gotten really crazy so so this the lead up to Amazon started with Snapchat as if we clean does and I say this I've said this for the last three quarters. Horst the so not only do their you know they had this period of time where they felt like they had stabilized but it's very clear the management team has no idea what's going on with idea if a they don't have a solution in Wall Street has kind of lost all. All hope and then their quarterly calls are just total Bedlam like it's a nothing I've ever seen before so. [3:24] If you're an entrepreneur and want to see what a reason not to go public go to listen to one of the Snapchat Wall Street colors they do not go well. [3:33] And then so that was that was kind of a bit of a train wreck but not surprised that this kind of like the third Trainwreck so you're kind of used to it I think the one thing that started the spook Wall Street was Google came out on the 25th and they basically their result