Amazon goes TikTok. Here's how it will work. – Yahoo Finance

Amazon (AMZN) has begun rolling out a short-form video and photo feed in its app.
Though the feature, called Inspire, immediately drew comparisons to TikTok, Oliver Messenger, director of Amazon Shopping, told Yahoo Finance Live that it wasn't TikTok's success that encouraged the company to build Inspire – it was customer feedback.
“We spend a lot of time listening to customers,” said Messenger. “We have survey sessions, we have usability labs, and there are also ways within the app and website that lend themselves to actually submit feedback. This was something that we noticed people were asking for repeatedly.” (See video above.)
To be sure, the app's interface certainly looks TikTok-esque. And the fact that Amazon's wading into short-form video certainly reflects how just how popular the format has become.
However, Amazon's Inspire is a different project than TikTok itself in key ways, according to the company. For one thing, Amazon Inspire looks to solve a longstanding pain point in Amazon's marketplace – that it's a place where it's easy to find what you know you want— but hard to find something you didn't know you wanted.
Amazon has been taking steps to solve this, particularly through its Amazon Influencer Program which allows content creators to review and endorse products on Amazon. Inspire is building on that, said Messenger.
“Customers, on one hand, were asking for this serendipitous, more open-ended way to shop,” he said. “We have this awesome section of [influencer] content that we're continuing to get in, as well. We sort of melded the two and made it personalized and tailored.”
Inspire looks to to bolster and build on Amazon's existing influencer content, which spans products from fitness to fashion to cooking. If you're, say, looking for a pan, Amazon wants to help you, with the aid of its influencer content, find the right one for you.
Amazon's not the only Big Tech name that's looking to capitalize on TikTok's success. Google-owned (GOOG, GOOGL) YouTube launched YouTube Shorts to compete with TikTok. In February, Meta (META) unveiled its Instagram Shorts feature globally.
Amazon's goal: Inspire will eventually help set up a "more immersive" shopping experience on Amazon's app, one where discovery is built-in. The company hopes this can make the Amazon Shopping app somewhere you might just, well, hang out more. For instance, if you're looking for earrings, Amazon wants to be the place where you not only buy earrings, but where you will figure out which ones you want.
“It’s streamlined in the sense that it’s tailored to you and your interests,” said Messenger. “When you start up Inspire, we ask you: What are you interested in? What do you want to see? You can create, cite your hobbies or types of things you’re into—and your feed will learn from that.”
To get started, customers in the Amazon Shopping app will tap a "lightbulb" icon, and will then choose their interests to inform their feed.
“It’s also deliberately not streamlined in the sense that we’ll show you content that you maybe didn’t expect from a range of brands, creators, and customers in line with those interests, but it’s content that you may not…have found yourself,” Messenger added.
Amazon Inspire is currently available only to select customers; its launch began in early December. The feature will be available to all Amazon customers sometime next year, and the current goal is Q1, according to Messenger.
Inspire will, of course, be operating in an increasingly crowded short-form video marketplace; TikTok, owned by Beijing-based ByteDance, has thus far remained the platform to beat as its grown more adept at not only facilitating engagement, but at optimizing advertising, according to Insider Intelligence.
Amazon shares are down about 44% year-to-date, as of market open Thursday.
Allie Garfinkle is a Senior Tech Reporter at Yahoo Finance. Follow her on Twitter at @agarfinks.
Click here for the latest trending stock tickers of the Yahoo Finance platform.
Read the latest financial and business news from Yahoo Finance.
Download the Yahoo Finance app for Apple or Android.
Follow Yahoo Finance on Twitter, Facebook, Instagram, LinkedIn, and YouTube.
Related Quotes
One expert explains the ugly truth about retail crime.
The rate on the average 30-year fixed mortgage declined to 6.31% this week from 6.33% the week prior, according to Freddie Mac.
WASHINGTON (Reuters) -The U.S. Senate passed legislation on Thursday authorizing a record $858 billion in annual defense spending, $45 billion more than proposed by President Joe Biden, and rescinding the military's COVID vaccine mandate. Senators supported the National Defense Authorization Act, or NDAA, an annual must-pass bill setting policy for the Pentagon, by an overwhelming 83-11 bipartisan majority. The no votes came from a mix of liberals who object to the ever-rising military budget and fiscal conservatives who want tighter controls on spending.
(Bloomberg) — Bulls reeling from the Federal Reserve’s still-hawkish tilt are about to lose a major force that helped tamp down turbulence in US stocks during this week’s macroeconomic drama.Most Read from BloombergTrump Hawks Superhero NFT Trading Cards as Crypto Universe ImplodesIs Putin Finally Getting Smart About His Ukraine Disaster?Elon Musk’s Tesla Share Sales Approach the $40 Billion MarkUS Stocks Drop for a Second Day; Oil Snaps Rally: Markets WrapAn estimated $4 trillion of options is
Netflix stock sank in early trading on Thursday after a new report said the streaming giant is falling short on the ad-supported viewership guarantees it made to advertisers.
Responding to a Tweet on the account suspensions, Musk, who has portrayed himself as a free speech absolutist, tweeted: "Same doxxing rules apply to 'journalists' as to everyone else," a reference to Twitter rules banning the sharing of personal information, called doxxing. Musk's tweet referred to Twitter's Wednesday suspension of @elonjet, an account tracking his private jet in real time using data available in the public domain.
Clinical Assistant Professor and Attending Physician in Emergency Medicine Dr. Calvin Sun joins Yahoo Finance Live to discuss the winter surge in COVID and how the booster doses have helped lower their severity.
(Bloomberg) — Customer outflows from Binance’s cryptocurrency trading platform are slowing, according to blockchain data from two digital-asset analytics firms. Most Read from BloombergTrump Hawks Superhero NFT Trading Cards as Crypto Universe ImplodesIs Putin Finally Getting Smart About His Ukraine Disaster?Elon Musk’s Tesla Share Sales Approach the $40 Billion MarkUS Stocks Drop for a Second Day; Oil Snaps Rally: Markets WrapThe net outflow, the difference between the value of crypto coming i
Insiders were net buyers of Booking Holdings Inc.'s ( NASDAQ:BKNG ) stock during the past year. That is, insiders…
(Bloomberg) — Thursday’s stock selloff sent the S&P 500 to levels that likely made bears of certain types of rules-based investors.Most Read from BloombergTrump Hawks Superhero NFT Trading Cards as Crypto Universe ImplodesIs Putin Finally Getting Smart About His Ukraine Disaster?Elon Musk’s Tesla Share Sales Approach the $40 Billion MarkUS Stocks Drop for a Second Day; Oil Snaps Rally: Markets WrapCommodity trading advisers, who place macro bets in the futures market, likely turned sellers as t
Yahoo Finance Live examines the latest developments in Amazon's agreement with the E.U.'s antitrust policies.
Warren Buffett invested in these three excellent businesses, but their stock performances haven't been great recently.
Morgan Stanley analyst Erik Woodring says Apple consumers won't ditch the App Store even if there are cheaper alternatives.
(Bloomberg) — Three US lawmakers questioned Amazon.com Inc.’s plans for rebuilding an Illinois warehouse that collapsed in a tornado last year, killing six workers and prompting an investigation by workplace safety regulators. Most Read from BloombergTrump Hawks Superhero NFT Trading Cards as Crypto Universe ImplodesIs Putin Finally Getting Smart About His Ukraine Disaster?Elon Musk’s Tesla Share Sales Approach the $40 Billion MarkUS Stocks Drop for a Second Day; Oil Snaps Rally: Markets WrapTh
Morningstar Equity Strategist Seth Goldstein joins Yahoo Finance Live to discuss how Tesla CEO Elon Musk's actions regarding Twitter continue to affect Tesla shareholders. 
A pronouncement from the former world's richest man and the cancellation of two data center projects gave investors the blues.
The average brokerage recommendation (ABR) for Amazon (AMZN) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Dow Jones stock IBM is surging and breaking an eight-year downtrend on strong volume after news of its partnership with Japan's Rapidus.
Shares in flash memory chipmaker Western Digital tumbled on a Goldman Sachs downgrade, also dragging down Micron Technology.
The Dow Jones Industrial Average dropped Thursday after jobless claims and retail sales. Tesla fell as Elon Musk sold $3.5 billion of Tesla stock.

source

Leave a Comment

Your email address will not be published. Required fields are marked *