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Picking Winners by Francis Tay

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How does one build a business that has a profit margin of a mere 1.2% and to top it off, build it on the back of similar businesses that have failed miserably in the past?

If anyone can do it, it would likely be Amazon.com, which by most measures, is probably the only dot.com era company that is still innovating and thriving. Amazon.com started AmazonFresh, a home grocery delivery service, in 2007 for residents of Mercer Island, a Seattle suburb. By June 2013, AmazonFresh had expanded to portions of the Los Angeles area, offering “free same-day and early morning delivery on orders over $35”. The service became available in San Francisco at the ...

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