Office Hours: NFTs, Bullish Investments, and Empathy

Amazon's Move

Amazon's foray into healthcare marks a significant shift in the industry, leveraging its telemedicine initiative to offer Amazon Care to employees and private employers across the U.S. Scott Galloway highlights Amazon's unique ability to transform its major expenses into profitable ventures, likening it to turning household costs into successful businesses 1. This move positions Amazon as a formidable player in healthcare, challenging traditional models and competitors like Walmart, which has also ventured into health services 1.

It's like take the biggest expenses in your house, whether it's food or rent, and figuring out a way to start a restaurant and a hotel out of your house and turn it into companies or small businesses that are worth more than the original house.

--- Scott Galloway

The implications of Amazon's expansion are vast, potentially reshaping how healthcare is accessed and delivered.

   

Telemedicine Boom

The telemedicine sector is experiencing a surge in investment, with venture funding in digital health rising by 66% in 2020. Scott Galloway notes that telemedicine funding reached $4.3 billion, driven by companies like 98.6, which he has personally invested in 2. This company aims to revolutionize healthcare access through mobile technology, offering primary care via AI-driven interactions at minimal costs 2.

Telemedicine is absolutely going to boom.

--- Scott Galloway

The pandemic has accelerated the adoption of telemedicine, forcing traditional healthcare providers to integrate new technologies, thus creating a competitive landscape ripe for innovation.