Google Inc (GOOGL) &, Inc. (AMZN) Could Work Together in Drone Delivery


Google Inc (NASDAQ:GOOGL) and, Inc. (NASDAQ:AMZN) are two of the largest rivals in the tech space. Recently, Google Inc (NASDAQ:GOOGL)’s special projects lab, Google X, has announced that it is working on drone delivery system project called Project Wing, which can be seen as a reply to Amazon’s recent announcement of its own drone delivery system. Discussing Google’s potential in the drone delivery segment in a program on CNBC, Lou Basenese from Disruptive Tech Research said that Google Inc (NASDAQ:GOOGL) is going after, Inc. (NASDAQ:AMZN) in drone delivery space, but nothing should be assumed from the new Google X project. Basenese thinks that Project Wing can also be the same sort of move from Google, which he refers to as “Infrastructure play.”

Google, Project Wing, Google X, Project Wing, Drones, Delivery, Amazon, is GOOGL a good stock to buy, is AMZN a good stock to buy,

“[…] I think we have to consider the possibility that this is more of an infrastructure play. Google Inc (NASDAQ:GOOGL) has got tremendous expertise in data, in mapping, in analyzing data. This secretive research product that leaked really could be them developing real world expertise on the data side on how to handle the infrastructure for drone delivery,” said Basenese.

Basenese agreed with Jon Fortt, who thinks that Google Inc (NASDAQ:GOOGL) and, Inc. (NASDAQ:AMZN) can make the best fit in the real time delivery of things to the people across the world. The reason behind this potential strategic partnership is that, Inc. (NASDAQ:AMZN) excels in physical delivery of products and Google Inc (NASDAQ:GOOGL) masters software and data delivery based on virtual channels.

Basenese also referred to ‘Google barges’, a project that was supposed to showcase various projects, one of which being a showroom for Google Glass and interactive technology. However, nothing was realized around this, since earlier this year ‘Google barges’ being scrapped.

David Tepper’s Appaloosa Management LP owns approximately six million shares of  Google Inc (NASDAQ:GOOGL).

Disclosure: None

Suggested Articles:

Strategies Hedge Funds Use to Make Huge Returns

Most Expensive Boats In the World