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Bezos recently talked about how Amazon would eventually fail, it seems inevitable when you commandeer your vendors' profits and claw back any disposable income
by benologist 8y ago
Bezos recently talked about how Amazon would eventually fail, it seems inevitable when you commandeer your vendors' profits and claw back any disposable income your workers have and demand massive tax breaks to complement massive tax manipulations. Vacuum up all the money and what will people spend on Amazon?
Apple seems to do the same under Cook too, focusing obsessively on making sure their suppliers don't have any undue profit whilst they themselves demand $100s in profit per telephone, to toss on $100s of billions they desperately avoid taxes on.
The only profit these organizations want to pursue anymore comes at someone else's expense, rather than creating more value.
- odonnellryan 8y agoBad for people as a whole? Sure. Good for people who have 1/10th+ of their portfolio in Amazon? Absolutely.
- imustbeevil 8y agoDown 12% in the last month though. I guess you could say everything is down, but that's kind of the point when billionaires and corporations hoard all of the money.
- i_cant_speel 8y agoThat's my fault personally. I recently put a significant amount of money into it. It happens every time I buy something.
- odonnellryan 8y agoWe should team up and start a fund that just shorts whatever we buy :)
- lurquer 8y agoYou too? For the benefit of the greater good, I’ve stopped investing for several years. I just couldn’t stomach the damage I was doing to the markets.
- odonnellryan 8y agoSure, but look at it YTD.
- deleted 8y ago[deleted]
- onetimemanytime 8y agodepends on when they bought their shares...
- simonebrunozzi 8y agoSource?
- petra 8y ago>> Bezos recently talked about how Amazon would eventually fail Peter Thiel said: " So anyone who has a monopoly will pretend that they are in incredible competition". This seems like one of those cases.