Saturday, April 29, 2017

A Paragraph to Ponder

From Tyler Cowen's Bloomberg column:

"Sometimes significant news doesn’t make much of a splash, and that was the case for a major transaction last week. PetSmart Inc. announced the acquisition of LLC for $3.35 billion, the largest e-commerce deal ever. Also notable is that, which sells pet products online, is based near Fort Lauderdale, Florida, rather than San Francisco or Seattle or New York. Might we be at a point where startups and e-commerce drive economic growth and job creation in many regions of the country, not just a few of the more famous (and expensive) areas?"

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