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I remember reading easily a decade ago, when people were describing Amazon as a charity propped up by investors, that this was Amazon's long-term strategy--aggr
by cfqycwz 8y ago
I remember reading easily a decade ago, when people were describing Amazon as a charity propped up by investors, that this was Amazon's long-term strategy--aggressively reinvest all profits, burn through cash making a loss in order to achieve monopoly or near-monopoly status, and then jack up prices once they'd captured the market. It looks more and more like they're following through.
- confounded 8y agoIf that wasn’t always implicatly the plan, they would have a very low valuation.
- djsumdog 8y agoPeople say the same thing about Uber today. I wonder if they'll be around as some massive mega-giant in 10 years, or turn into another eToys or MySpace.
- kkarakk 8y agouber is easily replaced, amazon's logistics choking out your logistics are not