The above assumes that all will crash but 20% will recover. Did all crash in 2000 before some recovered? If so, you are right. I don’t have the data to know.
Amazon is a fantastic story of evolution with an outstanding founder & CEO. Amazon online sales were strong enough for Amazon to survive, but when did Amazon introduce AWS?
Google AI:
Amazon introduced Amazon Web Services (AWS) in 2006, initially with the launch of its Simple Storage Service (S3) in March and followed by Elastic Compute Cloud (EC2) in August. This launch was an expansion of its internal infrastructure services into a commercial cloud offering for businesses and developers.
2003: Amazon began building the internal infrastructure that would become AWS.
An online book store does not qualify as an Increasing Returns business. AWS does. In 2000 Amazon would not have qualified.
Replacing employees does not qualify as an Increasing Returns strategy
One flavor, neural networks. Thousands of applications. Some will create Increasing Returns, others (replacing employees) won’t.
The Captain