Amazon Acquires Shopify Competitor Selz

0
Amazon Acquires Shopify Competitor Selz
<a href="https://pixabay.com/users/kirstyfields/">kirstyfields</a> / Pixabay

This week, Amazon announced they acquired Selz, an e-commerce platform similar to Shopify. While the move was promoted as a way to build easy-to-use tools for entrepreneurs, one small business consultant gave us his thoughts on why users should be wary of using the platform:

Get Our Activist Investing Case Study!

Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below!

Q4 2020 hedge fund letters, conferences and more

Why Amazon Acquiring Selz Is Bad For Your Data

"In the short term, Selz looks like a great ecommerce platform, and small business owners can do well with it. In the long term, your customer data is likely your most valuable asset, and Amazon's M.O. is to utilize it to drive their own development of competing products. In addition to their native ecommerce platform, Selz integrates with WordPress, social media, and other platforms. By extension, Amazon now has access to data across all of these platforms. The logical end result is that eventually, Amazon will utilize that data too, as they compete with their own customers." - Dennis Consorte, Small Business Consultant and Expert at Digital.com.

Q4 2020 13F Round-Up: Notable Hedge Fund Changes Including Pabrai, Abrams, Price, Klarman And More!

InvestingBelow is our 13F roundup for some high profile hedge funds for the three months to the end of December 2020 (Q4). Also check our screener for more detail! Q4 2020 hedge fund letters, conferences and more The statements only include equity positions as 13Fs do not include cash and debt holdings. What's more, the Read More



About Dennis Consorte

Dennis believes that small businesses and entrepreneurs give people hope for a brighter future. He has twenty years experience as a digital marketer, and sold his first ecommerce business in 2004. He now works as a marketing consultant who helps small businesses and startups to drive traffic, conversion, and retention. He does this using tactics like SEO, paid search, affiliate marketing, email marketing, social media marketing, and storytelling.

Previous article Investors Warn Heavy Industry On $856 Billion Climate Risk
Next article Bitcoin Trades Above $50,000, Two SPACs To Avoid
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

No posts to display