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"Being cheaper" worked out pretty well for Walmart. Amazon definitely has scale, and advantages of doing things in-house. Amazon's current problem though, they
by CodeWriter23 11y ago
"Being cheaper" worked out pretty well for Walmart. Amazon definitely has scale, and advantages of doing things in-house. Amazon's current problem though, they have spread themselves too thin, reporting losses a quarter ago, and AWS appears to be what is carrying them now. They could be ripe for an aggressive competitor to come in and cut their throat in retail. Do to Amazon what Amazon did to Borders.
- burger_moon 11y agoHowever Jet is only cheaper because it's VC subsidized. Walmart was cheap because of their efficiency and vendor contracts (and abysmal employee conditions that followed). They were profitable from the beginning. Jet will eventually have to IPO for the investors to liquidate. I feel as a pure ecommerce store, they're going to have to be profitable or wall street will tear them up.
- CodeWriter23 11y agoNot exactly, here's my comment on why Jet is cheaper. https://news.ycombinator.com/item?id=10631311 https://news.ycombinator.com/item?id=10631311