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kleinbl00 · 2231 days ago · link · · parent · post: Former Walmart exec claims retail giant issued misleading e-commerce results in battle against Amazon
Walmart became Walmart by leveraging economies of scale and cut-to-the-bone staffing expenses to eliminate all other brick and mortar merchants. Amazon became Amazon by leveraging economies of scale and cut-to-the-bone staffing expenses to eliminate all other merchants. Peter Thiel made the point that as soon as Amazon declares a dividend they're fucked. Because they'll have to declare a dividend forever. And then whoever is willing to operate at even less profit than that will eat them for lunch. We call this capitalism.