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A comment on Rivian valued at over $100B after biggest IPO of 2021. Parent comment

Re:Rivian valued at over $100B after biggest IPO of 2021 by jsight on Wednesday November 10, 2021 @04:51PM (#29181414)
A lot of folks used the same argument against Amazon to explain why Wal-Mart was going to blow them away in ecommerce.

lol

[ Parent | on HN ]
Re:Rivian valued at over $100B after biggest IPO of 2021 by SavantIdiot on Wednesday November 10, 2021 @05:27PM (#29181795)
You could be right.

However, in the history of modern corporate America going back a century, how many times has an upstart dominated a multi-decade established industry?

Give up?

Exactly once: Amazon disrupted publishing.

So TSLA could very well dominate the car industry in 5 years, but history is has much better odds. If you disagree, please provide some examples, I'd like to learn.

EDIT: WalMart has higher e-commerce revenues than Amazon according to this by almost 30%:

https://www.nasdaq.com/articles/amazon-vs.-walmart%3A-which-...

But again, help me out with some facts if I'm so wrong.

[ Parent | on HN ]
Re:Rivian valued at over $100B after biggest IPO of 2021 by josephh on Wednesday November 10, 2021 @08:42PM (#29183483)
> WalMart has higher e-commerce revenues than Amazon according to this by almost 30%

What? Here's a quote from the same article:

> Our global eCommerce sales are on track to reach $75 billion by the end of the year.

This has to be the annual sales figure right? Amazon surpassed this number several years ago.

[ Parent | on HN ]
Re:Rivian valued at over $100B after biggest IPO of 2021 by tinyhouse on Wednesday November 10, 2021 @09:06PM (#29183634)
> EDIT: WalMart has higher e-commerce revenues than Amazon according to this by almost 30%:

That doesn't make sense. Without checking the link I'm sure you're looking at total commerce revenue, not only e-commerce.

[ Parent | on HN ]