ALEXA IS IN MILLIONS OF HOUSEHOLDS—AND AMAZON IS LOSING BILLIONS

Summary from the TLDR Web Dev newsletter

Amazon's Echo devices have been a major financial drain for the company. The strategy of selling the devices at low prices, hoping to profit from downstream spending within the Amazon ecosystem, has not yielded the expected returns. Former CEO Jeff Bezos's focus on market share and rapid growth led to significant losses, which current CEO Andy Jassy is now attempting to rectify through cost cutting and monetization.