Amazon has always been forward-thinking, and they ran at a loss for decades to build up a trillion dollar business. I really don't think short-term thinking is

Amazon has always been forward-thinking, and they ran at a loss for decades to build up a trillion dollar business. I really don't think short-term thinking is what's causing them to tear it down right now. I have no insider information, but I rather suspect that either: 1) it either got out-of-control to where it would cost billions of dollars to address 2) that there's some organizational dysfunction to where they're not competent to address it. Or something similar. Those sorts of problems are tough. Cultures, incentive structures, and organizational design issues are slower and harder to resolve than just about anything else, and the theory for how to fix them is not well-developed. Sometimes you try something, and it crashes-and-burns.