Investors seem to think it's a great idea, with Amazon's stock soaring the day after the store launch. But how 'bout everyone else? Some believe it'll compel people to spend more than they want to or should, since -- like with a credit card -- you don't feel your money leaving your hands. In this case, you don't even feel your credit card in your hand.
Others suggest it puts the jobs of more 3.5 million cashiers in the United States in jeopardy And there's concern regarding consumer privacy.
Amazon is convinced that this entirely new experience, with no lines, no checkout, no registers, represents the future of retail. And as we all know, it would be a mistake to bet against a company that seems to be disrupting the status quo with regularity -- and succeeding.
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