On May 29 2018, Jeff Yastine, the financial expert and current editorial director of Banyan Hill Publishing’s Total Wealth Insider publication, gave his professional opinion on Amazon’s financial future. Jeff Yastine used his extensive experience as a former financial journalist to predict that Amazon’s reign is coming to an end after dominating the market for over two decades. There are several reasons as to why Jeff Yastine used his position at Total Wealth Insider to inform the audience, but the main reasons were antitrust laws, and the likeliness for the information to be overlooked. Visit stocktwits.com to learn more.
Jeff Yastine graduated from Florida University with a Bachelor in Telecommunication. After his graduation, Jeff went on to become a local television reporter in North Carolina’s Raleigh-Durham area. In 1993, Yastine’s outstanding performance and insight landed him a position with PBS’ Nightly Business Report. He quickly became the anchor and national correspondent for the Miami-based program, providing financial advice to millions. During this time, Yastine helped identify investment opportunities and further learned how to recognize the companies that would do well on the stock market. Through this role, Jeff was fortunate enough to interview many of the business, economics, and financial juggernauts, such as Warren Buffet, John Bogle, and Laureate Richard Thaler. Yastine’s interviewee list also includes members of the Federal Reserve board, numerous senators, governors, and finacial experts. Yantine’s diligence lead him from PBS to his current role as editorial director of Total Wealth Insider, where he continues to share his knowledge on finances and business practices.
Recently, Jeff Yastine conducted an analysis on Amazon. He concluded that the online retailing platform will go bankrupt for violating antitrust laws which are implemented to ensure fair business practices. The laws keep one company from using unfair tactics to create a scenario where they completely dominant the market. Last year revealed Amazon’s ploy as 26 major retailers had to file for bankruptcy due to $50 million in liabilities. The retailers were unable compete with Amazon’s predatory pricing and large inventory. Yastine noted that such practices do not benefit the markets or consumers, as they simply guarantee Amazon’s dominance. To survive, other retailers must use Amazon’s platform to list their merchandise. Thus, making Amazon too powerful and eventually subjecting them to antitrust charges. In Yastine’s professional opinion, Amazon’s current situation is a repeat of Microsoft in the 90’s and Xerox in the 70’s.
In the past, Jeff Yastine’s predictions have been spot on. The knowledge he obtained from others in his field of interest make his conclusions sound. The growth and the way Amazon influences markets is undeniable, and if history is to repeat itself, the company is in risk of becoming too large for itself. Read more: http://www.talkmarkets.com/contributor/Jeff-Yastine/