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Walmart Fooled Us Into Believing It’s an Underdog
The difference in margin between e-commerce and advertising has become a much bigger story than Amazon: everyone from Uber to Walmart to Instacart is pushing into ‘merchant media’, and hiring at scale:
Benedict Evans • TV, merchant media and the unbundling of advertising — Benedict Evans
By contrast, the great thing about Walmart, which investors tend to overlook, is that people turn up, buy 47 different things and then transport them home at their own expense.
Rory Sutherland • Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life
The difference in margin between e-commerce and advertising has become a much bigger story than Amazon: everyone from Uber to Walmart to Instacart is pushing into ‘merchant media’, and hiring at scale
Benedict Evans • TV, merchant media and the unbundling of advertising — Benedict Evans
The first? Selling things online. Bezos was a trader with some exposure to internet companies, but this wasn't a years-long journey of discovery and understanding. This was a dude who read a stat on some random website, and thought "there's something here." Early on, most of that skepticism came from an inability for a startup to compete with large... See more
Kyle Harrison • Markets, Markets, and Markets
Amazon was already powerful. The coronavirus pandemic cleared the way to dominance.
Jason DelReyvox.com
The Four — Amazon, Apple, Facebook, and Google — are an invasive species that, over the last decade, have compromised the immunities of the retail and media sectors. Spend has rushed toward digital, where apex predators take 1 of 3 e-commerce dollars (Amazon) and 2 of 3 digital marketing dollars (Google/Facebook). Covid-19 is just finishing the job... See more