Apr 21, 2017 - Technology

How Amazon will become the first $1 trillion stock

The case for "AMZN $1T" by Scott Galloway, founder of marketing company L2 and an NYU professor, is spelled out in a MarketWatch post:

The strategy: "I think Amazon is going to say to a series of households, 'Tell you what: You don't need any other retailer.'"

The long game: "Jeff Bezos & Co. have declared war on conventional brands, changed the relationship between a company and its shareholders, and deployed Alexa ... in clever ways. ... Amazon is giving people a discount on laundry detergent and other products when they order through Alexa."

Why it matters: "[T]he stock's going to become the first $1 trillion market cap company in the history of business."

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