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Business Tech

Warren Buffett: Amazon’s Jeff Bezos Has Changed The World

Warren Buffett’s views on Jeff Bezos and how he has changed the world. 

Why this matters: Warren Buffett for a long time has been watching Jeff Bezos and commenting on how amazing the run of Amazon has been. It would have been very interesting if Warren Buffett understood the technology industry at the beginning of the internet as it would have provided a lot of great investment opportunities.

Categories
Tech

Interview Domm Holland on launching Fast, a one-click checkout for the entire Internet (Video)

Another amazing interview by Jason on This Week in Startups.

Domm Holland runs Fast, a one-click checkout for the entire Internet.

It seems like Domm noticed that Amazon’s one click patent expired and took advantage.

Categories
Business Stock Market Tech

What is the fundamental difference between Amazon and Alibaba? They seem similar, but with different business models

Here is the key difference.

Alibaba is a marketplace. They do not own the inventory of the merchandise sold. They put buyers and sellers together. Buyer and seller agree on terms online via their platform or offline.

Amazon’s main business is they own the inventory, and sell directly to the customer.

Both models have their Pros and Cons. Amazon has also turned into a very strong third party seller platform in recently years, but they still like to control a lot of the fulfilment.

Categories
Business Stock Market

Is Alibaba a Trillion Dollar Company?

No.

At the time of writing this article Alibaba (BABA) has a market cap of $545 billion.

Source: Yahoo Finance (BABA)