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Hmmm....startups should take on inefficient businesses, not the MOST EFFICIENT BUSINESS EVER (Walmart).
by aberman 17y ago
Hmmm....startups should take on inefficient businesses, not the MOST EFFICIENT BUSINESS EVER (Walmart).
- snewe 17y agoI wouldn't say they are taking on Walmart. Here is the CEO on making money: "We're really not a retailer at all. We make no [profit] selling goods. We make money on the advertising side of doing coupons, sampling and keywords – like if you type "shampoo," what shows up first, second, and third. We have a Google-like click model."
- Keyframe 17y agoThey are more in line with self service wholesalers like Metro AG in europe