Ecommerce is an existential threat to Walmart, and it’s furiously trying to get on top of it, whatever the cost may be.
“Amazon’s plunge into the $800 billion US grocery industry posed an existential threat to rivals”: CNN, August 2018. So let’s see.
Prudent cost-cutting move artfully dressed up as response to local politicians that had railed against the $3-billion corporate welfare package.
It gets costly when the entire market depends on a handful of over-hyped mega-caps.
It owns 33% of the internet “cloud,” 49% of US e-commerce, and is elbowing into other sectors.
Brick & Mortar Meltdown: Dog of the Dow on 3rd Day in the Dow.
Amazon reports loss, stock jumps15%, market cap jumps $25 billion. Party on.
Superb, funny video on these companies & their mixed future.