The word electronic market place automatically brings Amazon.com, Inc. (NASDAQ:AMZN) to mind, well at least if it is not in the context of China. Although Groupon Inc (NASDAQ:GRPN) is operating in a similar marketplace, but doesn’t want to be compared to Amazon, according to what Tamer Tamar, President of EMEA Operations at Groupon, had to say in an interview on CNBC.
” […] It [Amazon.com, Inc. (NASDAQ:AMZN)] is a very difficult company to compare yourself to, because we are in so many different fields, and online marketplace for us means lots of inventory and lots of sectors. You know, Amazon is present mostly in goods, we are present in goods and in 47 countries in local sector as well. On top of that we have got a thriving travel business, and live events business as well, so I would say we are comparing ourselves to no one right now […],” said Tamar.
Inventories, different sectors, online market place, forgive me Mr. Tamar, but that is precisely where Jeff Bezos, often viewed as ruthless Amazon.com, Inc. (NASDAQ:AMZN)’s CEO, operates. If he is trying to sneak into Bezos’ territory, that is another thing, not that there is any chance that he is going to sneak past Bezos’ beady eye, but denying that Groupon Inc (NASDAQ:GRPN) can in anyway be compared to Amazon doesn’t cut it. If Bezos finds out about this, Amazon might be running amok with the discount coupons on its own platform.
A more appropriate response would perhaps have been that Groupon with a market cap of just $4.8 billion is perhaps, maybe aspiring to have a market capitalization in the order of $151 billion, which Amazon.com, Inc. (NASDAQ:AMZN) currently has. However, he chose to use the number of 47 countries to inflate his ego a little.
Another interesting thing in his comment was the thriving travel business, which would have been music to Bezos’ ears, and perhaps his new venture as well.
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