Pet Pillows News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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For managing the way large tech companies behave is one worthy of description. you were talking about companies largely that have more than $25 billion in revenue not being both the pipe and the stuff that goes through the pipe. not being both the platform and the competitor. >> right. that's exactly right. so think of a company like amazon. you know, everybody goes to buy and sell on amazon. that's the platform. and then amazon does something really special. they not only run the platform. they gather information from every one of those transactions. every buyer, every seller. and then they d...

This the other day on technology. the aforementioned jamie dimon also said today on cnbc that tech giants should gird themselves for the type of regulatory onslaught that the big banks experienced after the financial crisis. "they haven't had the benefit of the full monty yet, dimon said. if i were them, i'd be getting prepared for it." there are a number of people who've said that your proposal for managing the way large tech companies behave is one worthy of description. you were talking about companies largely that have more than $25 billion in revenue not being both the pipe and the stuff ...

Big profit and amazon looks at that and says, hmm, we could do that. so what do they do? they jump in front of pete's pet pillows, move pete back to page 6 on your search, jump in and take the profits for themselves. now, my view on this is you can be the umpire. that is, you can run the platform, or you can have a team in the game. that is, you can be one of the competitors buying and selling on that platform. but you don't get to do both at the same time. because if you're doing both at the same time that's not helping competition. it's wiping out competition. it's why a lot of investors now...

Physical retail sales in america. amazon, 49% of all online, so this is a big deal. if you want to sell onto, you're a little guy, you're trying to get your business started, you're an entrepreneur, you got to be there. so amazon runs this platform. you come to the platform. all sounds great. but amazon also is collecting information on every single buyer who visits and on every single seller who's there and on every single transaction. and what it does is it has the capacity to look out there and see, you know, pete's pet pillows and say, whoa, pete had a good idea here. he's making money off...