It can be tough for companies to compete against Amazon (NASDAQ:AMZN), the top e-commerce and cloud platform company in the world. Amazon’s scale, bundling strategies, and war chest of over $43 billion in cash, cash equivalents, and marketable securities make it a formidable rival for even the world’s largest companies.
It can be even tougher for small cap companies, meaning those with a market cap of less than $2 billion, to survive Amazon’s wrath. Let’s examine three small companies in Amazon’s crosshairs, and see whether or not they can keep growing in the tech giant’s shadow.
Domo
Domo (NASDAQ:DOMO) provides cloud-based visual analytics tools that can be accessed from mobile apps. Its ecosystem also incudes an app store, an AI platform for crunching data, and collaboration and marketing tools for employees. Amazon bundles a similar service, QuickSight, into Amazon Web Services (AWS). Domo isn’t profitable yet, but its losses are narrowing. However, its growth in billings and revenue gradually decelerated over the past year.
It expects that… Continue reading at The Motley Fool