Sunday, January 20, 2019
Is Amazon-dot-Com really a bank?
If it looks like a duck, walks like a duck and quacks like a duck...sure glad I didn't step in that dog ****
You laugh at me. You say, Amazon sells stuff. They can't be a bank.
Retail revenues are growing at about 3% a year. It won't be too long before Amazon is the lilypad that covers the entire pond. Then where will the growth come from? Amazon's market capitalization is based on the expectation of stellar growth from now until eternity.
Also, Amazon is more of a portal for a universe of vendors than a retailer. They make their money handling the money. Isn't that what banks do?
Besides, there was a time when banks handed out toasters. Now the bank has somebody else deliver it to your door.