It’s official, Amazon is coming to Australia, promising cheaper prices, faster delivery times, and access to a greater range of products, including groceries.
Amazon books no profit, pays no dividends and puts everything it earns back into growth. Starting 20 years ago with a share price of $US16. In April the AFR reported the price as over $US900 with a market capitalisation around $US440 billion. Gerry Harvey warned:
- “They are the animal that went right across America devouring all before it, sending everyone broke.”