Is Amazon βsteel dumpingβ? Scott Galloway suggests that Amazon is using profits from its AWS hosting service to lose money on its retail operations. I think this analogy may be accurate.
Excerpt from Scott's newsletter email:
Amazon. The Seattle firm is actively engaged in information age steel dumping, using the profits from AWS to subsidize losses on the retail platform, neutering other retailersβ ability to compete. The result is that good firms are being euthanized prematurely, and startups ...
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January 15, 2018
January 15, 2018
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