As of today, the retail giant Amazon has decided to buy Whole Foods Market for a whopping $13.7 billion. We all know that Amazon has been trying to enter the food industry and take on grocery stores in the same way that it takes on fashion retailers. But for an online retailer that is already putting enormous pressure on its competition, is this a step towards Amazon becoming a monopoly?
Amazon's prices are incredibly competitive, already forcing mega super stores like Macy's and Nordstrom to close up shop all over the country. Now, they are competing in the food industry by delivering your groceries and daily needs directly to you (and it's very convenient to be honest). However, with all this marketplace dominance, does this cross a line and/or hurt capitalism?
Competition is normal and healthy for our economy, but Amazon is making this increasingly difficult for some of the largest businesses in America. CEO Jeff Bezos is about to surpass Bill Gates as the richest man in the world and Amazon broke $1000/stock on the NYSE. So here's the conundrum. Do we celebrate this manifestation of American entrepreneurship and embrace the change? Or, do we draw a line to protect capitalism and the dwindling brick-and-mortor establishments in our nation?
If Amazon keeps it's current place, allowing you to order groceries on your iPhone and delivering your packages with drones (say goodbye to the Post Office), then we might be witnessing a retail industry revolution. Jeff Bezos is becoming a modern day Rockefeller, but in the best of ways.
In the past, I have discussed the implications of Ethereum and Bitcoin on the global market and how their presence will push industry forward in a new direction. With the meteoric rise of the Ethereum blockchain and the growing influx of money into Bitcoin, a tide has been created. The question is whether or not it will actually lift all boats. The case can be made for at least a few new cryptos, specifically one called Ripple.
Just a few days ago, I was caught off guard when I saw that Ripple had surpassed Ethereum in total market cap at $8.5 billion. Even more interesting, this happened in 24 hours! Apparently, billions have been invested into Ripple, which is bolstering its platform. The question is why?
Ripple is unique because big banks can use it to facilitate transactions and transfers all over the world at a very low cost, including currency conversion. This makes banking truly instantaneous and has the potential to transform how banking is done while making old methods obsolete. Currently, 15 of the top 50 banks in the world are working with Ripple and that number is growing quietly.
For just 0.17 cents you can buy a Ripple coin. That might not sound exciting, but if Bitcoin and Ethereum are any indication of massive fluctuation in this industry, then buying Ripple could potentially be the easiest investment you've ever made. I'm not giving it my endorsement just yet, but there's really nothing to lose with it being this cheap. If you missed Bitcoin and Ethereum, then this could be your next opportunity.
I know that I've covered the crypto currency world a lot lately, but that's only because it's growing at an incredible rate right now. As I write this, Ethereum is at an all time high and despite the Bitcoin ETF failing to get passed by the SEC this past week, it's also remaining at record highs. On top of it all, another coin was just created a few days ago, and this one is ground-breaking!
We finally have a crypto currency that is officially and completely backed by Gold. It's called OzGLD and I just set up my wallet for free through their site. I was a little skeptical at first, but the hype is no joke. The gold is secured and stored privately outside the U.S. and it is fixed in price with OzGLD. This prevents OzGLD from fluctuating in price and is only affected by the market price of physical Gold. In other words, OzGLD coins actually have value! In a world struggling to accept digital currency as a way of life, this helps ensure that a successful transition away from fiat money is possible. Check out the link below to learn more!
Oh yeah, I forgot to mention that you can purchase it with your Ethereum. Even better!
This is huge! We finally have the Silicon Valley equivalent for crypto currency. The not-for-profit Crypto Valley Association (CVA) in Switzerland will be a game changer in development and innovation, especially for Bitcoin and Ethereum. The CVA consists of blue chip companies, notable startups, and influential global leaders. With a focus on supporting startup crypto companies, blockchain technology will be integrated into societies around the world at a much faster pace.
If you haven't noticed over the last few days, Ethereum has been trending upward in price. A lot of it has to do with CVA being announced today and many other projects amongst major companies the past month. This should show you two important things. That Ethereum is here to stay and it will grow. The same applies to Bitcoin and the possibility of new crypto currencies in the near future. Again, my point here is that if you want to get involved, your best opportunity exists now.
Since September of 2011, CEO and Co-founder Evan Spiegel has been a pioneer in the world of social media with the creation of Snapchat, a social platform in which users can share expiring photos and videos with each other. The idea has helped individuals around the world encapsulate what their lives are like, creating a platform that brings the world closer together. I remember when I first downloaded the app on my phone. I wasn't very interested in the functionality, but I knew that the concept was going to be big in the years to come.
Today, the company is finally ready to be placed on the stock market and given an IPO (initial public offering), which could be a great investment given the leadership in the company to push the limits of Snapchat and evolve. They have also just released a pair of glasses with a built in camera, allowing you to film and take photos from a "GoPro-like" perspective. This is probably a stunt to encourage new investors before they IPO, but a smart one if I must say.
Snapchat definitely has the name and reputation needed to compete with Facebook, Instagram, Twitter, and many other social media and camera companies. More importantly, I think there's a cool lesson to learn here, which is why I decided to discuss Snapchat in particular. The project that would become Snapchat was started by Evan Spiegel and others at Stanford University. It was a student startup in college that became the behemoth it is today. It just serves as another example that young entrepreneurs can become very successful if they pursue their ideas and ambitions. You never know, maybe your idea will become the next Snapchat.
An ambitious Neuroscience Major, Entrepreneur, and Athlete.