Is it possible, though, that the company is just getting started? That’s the surprise prognosis of Scott Galloway, a New York University business professor, and founder of the legendary marketing firm L2. He believes the Seattle retailer is on the verge of explosive growth as it transforms its fast-growing Prime subscription service into the perfect, frictionless omni-channel retail experience. As investors realize the potential scale, Galloway posits Amazon shareholders will be rewarded with the first $1 trillion market valuation.
“They might be able to take Prime households from $1,300 per year to $10,000 by basically saying we’re going to fulfill everything you need,”said Galloway in a recent YouTube interview with L2 co-founder Maureen Mullen.
[bctt tweet=”@Amazon Basics brand commands 31% of #battery sales online @jdmarkman @Forbes @1010data #ecommerce @Energizer @Duracell” username=”digr_io”]
[bctt tweet=”@Amazon Elements brand is 17% of the online baby wipes mkt. Just behind @Huggies, @Pampers. @jdmarkman @Forbes @1010data #ecommerce” username=”digr_io”]
In 1994, Amazon set out to change the world. Its initial public offering three years later valued the company at just $461 million. Today it’s worth $360 billion, a gain of roughly 50,375%. Is it possible, though, that the company is just getting started?
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