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> Jeff Bezos is a true visionary, brilliant, and absolutely should be rewarded for that. We need more folks like him. That's probably true of any billion dolla
by maltalex 9y ago
> Jeff Bezos is a true visionary, brilliant, and absolutely should be rewarded for that. We need more folks like him.
That's probably true of any billion dollar company founder, not to mention the (more than) trillion dollar Amazon.
> at what point has Amazon won enough? Selling things at a loss to drive competitors out of business verticals is surely bad for the consumer in the long-term no?
What do you mean by "enough"? Amazon is a public for-profit company and such companies are always looking for ways to improve their bottom line. If they see a dollar they can earn, they owe it to their shareholders to do everything they can to earn it.
If Amazon can improve its bottom line by driving competitors out, then that's what it'll do. It's naive to think that the good of the consumer is of any relevance.
- EliRivers 9y agoIf they see a dollar they can earn, they owe it to their shareholders to do everything they can to earn it. I understand there's no legal obligation to do so, and that companies have a number of motives and desirable outcomes, of which giving money to shareholders is but one. It has become fashionable in recent years to suggest it's all about "shareholder value", but there's no supreme obligation to pursue that.