Wal-Mart: The Shining Example Of Success Today
This is something I discuss a great deal. There are a few axioms I am turning to that are serving as a foundation of things going forward. One of them is this:
You are either a technology company or you are going out of business.
Wal-Mart is a shining example of this. Many would call this company a "retailer" yet that is the farthest thing from the truth. They are a seriously technology company.
A few months ago I wrote a post discussing this very topic. Wal-Mart made the decision in 2015 to dedicate billions of dollars to converting itself from a physical retailer into a technology company. The first item on the list was to become more of an online retailer. Yet, that was only the tip of the iceberg.
Of late I made the point that this company is using AI and robotics in its stores. It is only a matter of time before they started to act like Apple and buy those type of companies. Why purchase the product when you can get the entire company?
Today's news really hit me off-guard. I was not expecting what came out of WallyWorld.
It caught my attention after reading a post by @slider2290. He spelled out how Wal-Mart and Microsoft could be teaming up to go after the U.S. assets of TikTok. The expected price is going to be between $20B-$30B.
https://leofinance.io/hive-167922/@slider2990/tiktok-microsoft-and-walmart-are-bidding-together
Here is an example of where looking at Wal-Mart as a retailer would lead us to conclude this makes no sense. However, this company is thinking ahead. One of the biggest advantages to TikTok is the integrated payment system. This is something Wal-Mart could look to leverage, putting itself in prime position in the mobile world.
The conversion of this company is very interesting to witness. Quite frankly, it is the playbook all other companies should follow. They are no longer trying to play catch up to the like of Amazon. Instead, Wal-Mart is forging its own path to revenue and profit domination.
No longer are they confined to just operating in the "retail" sector.
This is the key with technology giants. There is no one industry they fit into. Wal-Mart, if it is starting to join the ranks, can go in any direction is desires. With its size, it can leverage a great deal of its strengths into other ventures that will provide out-sized gains.
It is how the likes of Amazon, Google, and Apple operate.
Will they succeed in acquiring TikTok? Only time will tell since there appears to be a great deal of competition for the assets. However, even if the bid comes up short, this revelations shows the thinking of Wal-Mart.
Expect more moves like this in the future.
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gif by @doze
Posted Using LeoFinance
Every traditional business can and even must become a tech one, there are many improvements in the product and process that can be made to grow, no matter how big the company is right now
We will be seeing more of this news from now on
Wow thanks for the mention.
Nice expansion on the potential for Walmart's future.
$rewarding 50%
What walmart did right was to create their goodwill in the retail section first. There are very few people all over the globe who hasn't heard of walmart. With that immense advantage, whatever sector they now walk in, they are already a few steps ahead of its new competitors. How they capitalize on that advantage will decided where we'll see walmart 10 years from now.
Posted Using LeoFinance
The MSFT thing seems like a big deal. Will be interested to see how it plays out
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