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Why Amazon Could Be Broken Up

 

Why Amazon Could Be Broken Up

Courtesy of Joshua Brown 

President Trump likes to add the prefix “Failing” when he refers to his least favorite newspaper, the Failing New York Times. Leaving aside the inconvenient fact that the Times has seen its subscription count explode in the wake of the fake news election, it’s something he just likes saying and no one really cares whether or not it’s true.

Lately, he’s taken to referring to his second least favorite newspaper, the Washington Post, as the “Amazon Washington Post.” He tweeted that out this morning, in case you have a life and aren’t glued to the twittermachine all morning.

Amazon CEO Jeff Bezos, who acquired WaPo four years ago, is on a ridiculous hot streak right now. His ecommerce giant is taking on as many verticals as you can think of – and winning. His newspaper is breaking stories about the President and the Russian miasma that surrounds his whole entourage nearly every day.

For how much longer will the President, who effectively directs the FTC, allow Bezos to hassle him with his newspaper while steamrolling over competitors in the corporate world from the other Washington? And what if some ambitious politician or state AG decides to beat him to it?

NYU Professor Scott Galloway has been saying that Amazon will be the first ever $1 trillion company in the world. He’s still saying it. But now he’s also saying that by the time it gets there, there could be hell to pay. Watch this quick video:

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