Amazon Continues their World Domination
ISAIAH CROOKS | NOV. 20, 2020
On November 17, 2020, everyone’s favorite E-commerce giant– Amazon– announced its introduction into the pharmaceutical industry. The company’s new extension, creatively titled Amazon Pharmacy, will allow users to purchase their prescription medications from the comfort (and safety) of their homes.
In compliance with Jeff Bezos’ quest for world domination, the company is gearing up to take on pharmaceutical giants such as CVS and Walgreens, whose stocks fell by 8.6% and 9.6% respectively after the announcement on Tuesday. The pharmaceutical industry rakes in $300 billion a year and is expected to experience increased revenues after this year’s global pandemic.
With the advent of Amazon Pharmacy, some major questions arise. Will this addition carry on the company’s legacy of swallowing up every competitor in its path? How will established pharmacies react to a new competitor in the market?
Only time can tell, but one thing is for sure: Jeff Bezos will continue to be the richest man in the world, even 2000 years after he dies (unless he finds a way to live forever, which would surprise no one).
