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I don't know what the fetish is with Amazon. The article is ridiculous in suggesting Amazon putting Walmart out of business when it only started making real mon
by appleiigs 9y ago
I don't know what the fetish is with Amazon. The article is ridiculous in suggesting Amazon putting Walmart out of business when it only started making real money in 2016. Amazon made $2B in 2016 and $0.6B in 2015, lost $0.2B in 2014. Walmart made $13B last year... but the article says Amazon is the one with the better mouse trap and "impervious to the natural life cycle of a conglomerate"? huh?
With the toxic culture, Amazon is going to go Uber someday. The Whole Foods acquisition is probably the start of Amazon taking a step too far.
- deleted 9y ago[deleted]
- icebraining 9y agoAmazon has made real money for years, they just have reinvested it. Comparing Amazon to Uber is silly, they're an established business and leader in multiple markets.
- appleiigs 9y agoReinvesting income doesn't give you negative income. Having the highest marketshare doesn't mean they make money from it. Bezo is considered the worlds worst boss and there have been many articles about its corporate culture... that will catch up to Amazon.
- icebraining 9y agoReinvesting income doesn't give you negative income. When you're running multiple new mostly-empty datacenters or fulfillment warehouses that you built for future growth, the short term efficiency (and hence income) will be pretty shitty, no? I'm not talking about the cost of building them, but the cost of running them far from capacity.
- keithlfrost 9y agoAmazon certainly has its share of problems and failures, but a lack of strategic financial thinking is not one of them. Take a look at the graph [1] of Amazon revenue and profit over time. Those curves are not generated by people who aren't paying attention. [1] http://www.businessinsider.com/amazon-revenue-vs-profit-2016-1 http://www.businessinsider.com/amazon-revenue-vs-profit-2016...