by Greg Guenthner
Daily Reckoning
Out of all the disruptors on the market today, no company is crushing its competition more thoroughly than Amazon.com (NASDAQ:AMZN).
Amazon just announced an ad supported video service that will allow users to upload their own videos. In plain English, this means Amazon is going after YouTube (and the Google crew at Alphabet by extension) with a virtually identical product.
“The new service broadens Amazon’s effort to transform itself from a dominant retailer to a multimedia powerhouse,” the Wall Street Journal declares, “which now offers big-screen movies and TV series from the likes of Woody Allen.”
So will this YouTube clone successfully beef up Amazon’s Prime video offerings? Or will it crash and burn like Amazon’s ill-conceived Fire phone?