The stock market is saying internet giants are eating the world and companies need to figure out how to survive their onslaught in the new digital age.
Amazon and Netflix shares are up 52 percent and 58 percent respectively through Thursday compared to the S&P 500’s 15.5 percent gain.
Billionaire John Malone explained why he believes these two technology companies will dominate the future. He is not dismayed by Netflix’s guidance of up to $8 billion in content spending next year and multi-billion dollar cash burn. In fact he believes the company’s massive investments are essential for its success.
Read more at CNBC News