Walmart's new membership program may be Amazon Prime's next big rival - Business Insider

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SCOTT GALLOWAY: Walmart's new membership program is $400 billion off from being a real competitor to Amazon Prime. But there's a simple approach that could make them a formidable rival. (by profgalloway)

ReutersThe following is his recent blog post, republished with permission. It originally ran on his blog, "Galloway says that Twitter's announcement of a new subscription-based platform, Gryphon, is a great move for the social media platform, as it will allow users to connect free from bots and the typical Twitter "toxicity."

He also criticizes the behavior of VC's on new social network Clubhouse, where some loudly claimed that New York Times journalist Taylor Lorenz was biased in her tech coverage. Galloway reviewed Lorenz's 25 most recent articles, and found that the majority of them portrayed technology and tech founders in a positive light.Few firms counterpunch like Walmart. "Innovation" has a new, first-of-its-kind feel. But most stakeholder value is a function of firms benchmarking, copying, or stealing other firms' great ideas: improving them, putting more wood/capital behind the arrow, or placing it on broader platforms. Walmart+, their response to Amazon Prime.

of revenues. Walmart has the same opportunity to recast their multiple with a rundle they continuously enhance and refine. #counterpunchOther than Facebook and Google , a decent proxy of a media firm's prospects is the percentage of revenues from subscription. Twitter in a job posting that it was building a subscription platform under the code name "Gryphon." The stock surged on the news.Twitter's ad-dependent revenue model not only fuels outrage and abuse, but is largely responsible for the firm's anemic growth. Transitioning to a subscription model will free the platform from bots and dampen the toxicity that is … Twitter. In other words, the platform is on the precipice of sustainable innovation.

 

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profgalloway I prefer EBay, and I welcome as a customer another option to buy goods. Don’t like too much amazon it have lots of cheap Chinese stuff that won’t last, or would be defective. Goods from 60-80s era made in USA were made with good materials and great craftsmanship.

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