Citation from The Filter, “What is Amazon? Definitely not a conglomerate,” on the nature of Amazon’s business. Read the full article

On whether or not Amazon is a conglomerate:

In 2016, Investor’s Business Daily ran a piece about digital conglomerates like Amazon. In 2017, the New York Times’ Andrew Ross Sorkin called the company a “new-economy conglomerate” and, in 2018, Loose Threads, a website about the new consumer economy, argued that Amazon is definitely not a conglomerate.

“Amazon, at its core, has evolved into something much more amorphous than a conglomerate: the world’s first true, industry-agnostic Platform Ecosystem,” Loose Threads argued in February. “It uses its technology and capital allocation to invest in and dominate more industries than any other company.”