Feb 15, 2017

Warren Buffett just dropped Walmart, and signaled the death of retail as we know it

Posted by in category: futurism

Retail is dieing.

Buffett’s been paring his stake in Walmart since. He first bought shares in Walmart in 2005.

He said Amazon’s competitors, “including us in a few areas, have not figured the way to either participate in it, or to counter it.”

Since the end of 2014, Walmart shares have fallen 21% compared with a 119% jump in Amazon.

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