2 ms·
That's a complete misreading of Amazon. Their entire competitive advantage is having really cheap capital which enables unbelievable capital investment. First i
by krschultz 9y ago
That's a complete misreading of Amazon. Their entire competitive advantage is having really cheap capital which enables unbelievable capital investment. First it was in distribution centers (3PL), then servers (AWS), and next likely be parcel delivery (look out FedEx). The e-commerce business is the first and best customer of each of these services, but they're basically a conglomerate of capital intensive low margin infrastructure services.