Will Amazon Dethrone Google's Ad Business (with Josh and Greg March)
The Compound and Friends
Josh Brown
4.7 • 2.2K Ratings
🗓️ 20 May 2019
⏱️ 8 minutes
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Summary
Transcript
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| 0:00.0 | Hey what's up it's your boy downtown Josh Brown it's time for another episode of |
| 0:04.2 | talk your book I'm here with my friend Greg March how about that intro so much |
| 0:08.5 | pep right yeah no I was you were coming out hot and I'm like I'm not gonna to I'm not going to meet this some of that is stick |
| 0:15.8 | Greg is an old friend of mine. He is also the founder of noble people noble people is a media agency and we're going to talk about what's going on in |
| 0:24.7 | advertising marketing etc all the trends you need to know about but you mentioned |
| 0:29.2 | Amazon as the nascent not really nascent anymore the third platform that quickly could become the second |
| 0:35.4 | platform so my understanding of the Amazon third party sales and |
| 0:41.1 | advertising platform is that you can only be so successful before Amazon looks at what you're selling and says we can do a cheaper version of that. |
| 0:50.0 | So does that stop third party from advertising? Yeah, what did Warren Buffett say? Your profit is my own. that's |
| 0:55.0 | that stop third party's amount of money or what are one buffets say your profit is my opportunity or that's |
| 0:56.0 | so I think that's besto said your profit is my opportunity |
| 1:00.0 | your profit is my opportunity no but like like, it's not like you're going to launch all this advertising on Amazon for a product that they could make themselves and they're just going to let you keep going. |
| 1:11.0 | Like, so, but do advertisers look at that and say, |
| 1:15.0 | let's be cautious on Amazon. |
| 1:17.0 | Advertisers have been knocking on Amazon's door |
| 1:20.0 | for as long as I can remember. |
| 1:22.0 | Okay. And Amazon has always kind of been like yeah what like we will take your money if you throw it at us but like you're used to coming as a buyer and going, I have millions of dollars, you listen to what I say, you care about this millions of dollars, and Amazon was just like, yeah, or maybe we just won't take it. |
| 1:41.0 | And like, so their posture to the market has softened in a big way like |
| 1:44.8 | they are looking at this as a in their in their march towards services |
| 1:48.6 | revenue or I don't have this I mean they're the growth of advertising in Amazon every quarter shocks the |
| 1:56.0 | street by how big it is it shouldn't if they chose to triple it they triple it |
| 2:02.3 | right like it's choice it, it. Right. |
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