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How ecommerce has changed the way we shop – and live

DANDENONG, AUSTRALIA - DECEMBER 05:  The Amazon website is seen on December 5, 2017 in Dandenong, Australia. Amazon has ended months of speculation by launching its local website overnight. The online retail giant has started taking orders and shipping products from its 'fulfilment centre' in Dandenong South, offering massive discounts on millions of items across more than 20 categories including electronics, toys, clothing, beauty and accessories.  (Photo by Quinn Rooney/Getty Images)
DThe Amazon website is seen on December 5, 2017 in Dandenong, Australia.
(
Quinn Rooney/Getty Images
)
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How ecommerce has changed the way we shop – and live

Amazon.com first started as an online bookseller, and in just two decades it has branched into a global e-commerce operation that sells every kind of consumer product imaginable.

Though it may not have been the world’s first online retailer, Amazon has become one of the most successful by integrating e-commerce and online shopping into countless Americans’ daily lives.

Larry speaks with Jitendra Waral, an analyst at Bloomberg Intelligence who looks at the ecommerce industry, to talk about the impact of Amazon and ecommerce on our lives, ranging from the environment to the economy and entrepreneurship.

Guest:

Jitendra Waral, an analyst with Bloomberg Intelligence that focuses on the Internet industry, including e-commerce; his latest report focuses on Amazon’s growth