4 ms·
(disclosure: long amzn) Walmart made a smart play with Jet.com, but I think they'll only ever do retail. They won't do AI which Amazon uses to drive more sale
by mholmes680 9y ago
(disclosure: long amzn)
Walmart made a smart play with Jet.com, but I think they'll only ever do retail. They won't do AI which Amazon uses to drive more sales of Prime, etc... I also think they don't need to compete with them necessarily. Its good to have both Walmart and Amazon.
I think the closest competitor to AMZN is BABA. Souq purchase was huge to fend off that competition.
I'm long Amazon because they're the best company i see at figuring out a problem and solving to it for the long term with innovative, scalable, solutions.
- napo 9y agoWhat does "I'm long Amazon" mean?
- chinathrow 9y agoThe poster holds stock in Amazon and beliefs in its long term success.
- dkrich 9y agoBeing long is a stock market term that means you are invested in a company and believe the stock price will increase. It's the opposite of being short.
- jonas_b 9y agohttp://www.investopedia.com/ask/answers/100314/whats-difference-between-long-and-short-position-market.asp http://www.investopedia.com/ask/answers/100314/whats-differe...
- echelon 9y agoImagine a future where another tech giant buys Walmart, though. A Google-owned Walmart could certainly compete head-to-head with Amazon on retail.