Winners & Losers: Amazon Eats Everything
Amazon takes on autos, Europe lacks innovation, textbook prices soar, and Walmart's cost-cutting equals crime.
Scott Galloway, Founder and Chairman, L2; Clinical Professor of Marketing, NYU Stern, presents the week's biggest winners and losers in digital:
Winner: Amazon. The e-commerce giant has launched an auto review portal, threatening independent review sites.
Could dealerships be next?
Loser: Europe, which is becoming irrelevant when it comes to innovation. Only six of the world's most valuable companies are based in Europe, and venture capital funding has declined.
Loser: College students. With textbook prices soaring, two-thirds of students have decided against buying textbooks despite acknowledging that this might hurt their grades.
Loser: Walmart. The retailer's aggressive cost-cutting may have been good for sales, but it also encourages crime.
Related Article: What Does Amazon’s E-Commerce Domination Mean for Logistics Service Providers?
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