Amazon will soon compete directly with FedEx, UPS: RBC’s Mark Mahaney


Amazon’s next big move could be taking on the giants of the delivery industry, RBC Capital Markets’ Mark Mahaney told CNBC on Thursday.

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“There’s another investment cycle coming, and I bet you it’s around shipping and them actually coming out and directly competing with FedEx and UPS,” the lead internet analyst said on “Power Lunch.” “I think it’s just a matter of time before that happens and it will be an investment…

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