Famed cable and media investor John Malone, a man who repeatedly manages to cobble together some of the most complicated, and profitable, financial transactions in the world, appeared on CNBC this morning with a message for anyone in the "B2C business"...Amazon is going to use their scale to destroy you. Speaking with CNBC's David Faber, Malone hilariously described Amazon as a "Death Star moving into striking range of every industry on the planet."
The internet "makes scale even more important in the media business, where scale always was important. It's all about scale," he said. Netflix was "the first wave. And I think Jeff [Bezos] is gonna be the most disruptive. As [his] Death Star moves into striking range of every industry on the planet."
Amazon - Business - Dominance - Malone - Company
He explained that Amazon's business dominance is growing stronger. Malone said any company that sells products to consumers is at risk of being crushed by the e-commerce giant.
"If you're in the B2C business, if you're selling anything to any consumer anywhere on the planet, you gotta believe that Amazon is gonna have a look at that opportunity to commoditize you to use scale to serve the public," he said. Bezos is "reducing cost to the consumer and providing great convenience ... You just got to take your hat off and envy what he has built."
Yesterday - Amazon - Death - Star - Grocery
Ironically, just yesterday we noted that Amazon's "Death Star" had moved the grocery industry directly into its sights and is preparing to fire (see: Amazon Says It's "Almost Ready" To Get...
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