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The Compound and Friends

Will Amazon Dethrone Google's Ad Business (with Josh and Greg March)

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.72.2K Ratings

🗓️ 20 May 2019

⏱️ 8 minutes

🧾️ Download transcript

Summary

Josh Brown talks with Greg March, founder of Noble People, a media agency based in New York City, about whether or not Amazon's advertising business can supplant Google's search hegemony any time soon. Enable our Alexa skill here - "Alexa, play the Compound show!" https://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZ Talk to us about your portfolio or financial plan here: http://ritholtzwealth.com/ Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer: https://thereformedbroker.com/terms-and-conditions/   Subscribe to the mini podcast on iTunes or Spotify Enable our Alexa skill here - "Alexa, play the Compound show!" Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

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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