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31: ETH Names, $ENS Airdrop, Why Elon Sold Tesla Stock + The Genius of Costco
Not Investment Advice
The Business Model of Cosco
Cosco is the world's third largest retailer, behind amazon and wallmar. They sell everything at basically cost; their maximum allowed mark up is 15%. 80 % comes from the membership fee, because it costs nothing to run. The renewal rates for memberships are like 95%, something crazy. Every single time anything's purchased from cosco, you see a t v that's 200 dollars lesson competitor.
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