Interesting read on the profitability (or not) of emerging e-commerce businesses. The recent job cuts at The Iconic highlight the competitive nature and price that new entrants need to pay to acquire market share. This article hints at similarities in today's market to the tech wreck of the early 2000's and whether the prices being paid for online eyeballs/customers are over the top. (VIEW LINK)
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.