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> People are panic-buying AMZN stock expecting this to reflect in a higher profits, which is very questionable. Are we sure of that? I'd expect the rationale t
by koboll 7y ago
> People are panic-buying AMZN stock expecting this to reflect in a higher profits, which is very questionable.
Are we sure of that? I'd expect the rationale to look something more like "Amazon will grab a higher market share as a result of people switching to delivery during this crisis, which will result in higher profits down the road".
- matwood 7y agoExactly. People are learning to use Amazon for things they may have not used it before. And it's not just Amazon. HN users are by and large very technical and early adopters of tech services. The pandemic has forced the general person to learn how to use/try out these services.
- paxys 7y agoThe key is if people will continue to use Amazon after things have settled or just go back to their local stores.