The second part of the theory has been the hammer dropping for 15 years.
Amazon makes no money in retail to drive out competitors and when that day finally happens! Just you wait! The prices! I'm still waiting. The ride has been beneficial so far.
The stock market isn't psychic. They believe all sorts of irrational things and are perfectly capable of being turkeys who vote for Thanksgiving. Price raising on commodities hasn't worked out all that well in general. While the network effect helps it isn't
omnipotent. People are already returning to brick and mortar for better prices.
Amazon makes no money in retail to drive out competitors and when that day finally happens! Just you wait! The prices! I'm still waiting. The ride has been beneficial so far.