If you missed this earlier, be sure to watch Scott Galloway's presentation on the large global technology companies and the challenges facing them. Galloway discusses Amazon ("pure play commerce doesn't work"), its disruption by Uber, and Macy's, Facebook's bait-and-switch, Instragam ("the most powerful platform in the world"), the smartphone economy (outstanding for employment, terrible for wages), attracting better mates with an iPhone, Apple's successful move down the torso into luxury, and more.
Galloway speaks fast so you may want to watch it twice.
Why Amazon and Google are Losing the War
Courtesy of Joshua M Brown
Professor Scott Galloway (NYU) delivers one of the most masterful 15 minutes worth of important tech trends I’ve ever seen. He’s got strong opinions about what’s to become of Amazon, Facebook, Google and Apple – and the charts to back these opinions up.
An amuse bouche: “Google Glass is not a wearable, it’s a prophylactic ensuring you will not concieve a child because no one will get near you.”
Thanks to my friend Ken S. for passing this on. Watch it or miss out on what’s really happening:
*****
Back to me: Watch also Winners/Losers in a Digital Age. In Winners/Losers, Galloway discusses general trends in the digital age, winners and losers in retail, social media and the broader society. He explores wealth inequality and the 0.01% (an "upward spiral downward"), the US tax code, education costs, the middle class, job shifts, the "ipad effect," the myth of progress, and a number of large tech and retail companies including AMZN (the "Tony Soprano of ecommerce"), TWTR, EL, TGT, and ("the first trillion dollar company") AAPL's brilliant move into the business of luxury. Apple is, without a doubt, winning the war. ~ Ilene
