Online retailing juggernaut, Amazon.com (AMZN), sure seems hell-bent on turning up the heat on the competition lately.
But is it now poised for one of the most indignant falls since Pope Gregory V (996–999) was poisoned?
On November 10, it partnered up with the U.S. Postal Service to begin offering delivery on the most sacred day of the week, Sunday. And now, Amazon is reportedly expanding into supermarkets’ turf by creating its own line of private label foods.
Will the bold moves be enough to keep propelling shares higher, though? Or will Amazon’s ambition lead to a monumental collapse?
That’s exactly what CNBC’s “Closing Bell” anchor, Maria Bartiromo, wanted to know last Wednesday when I appeared on the show.
In case you missed it, here’s the video of me squaring off against Tom Forte, Managing Director of the Telsey Advisory Group.
He’s bullish. I’m bearish. But only one man can win. Check it out and let us know who you think emerged victorious.
Ahead of the tape,
Louis Basenese
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Original Article: Is Amazon About to Be Gator Chomped?
