Numbers: - Q1 Operating Income 3.7B est 5.42B, wow, that's a big miss - Q1 Net Sales 116.4B vs Est of 116.43, - AWS Net $18.4B EST 18.2B - subscription sal

Numbers: - Q1 Operating Income 3.7B est 5.42B, wow, that's a big miss - Q1 Net Sales 116.4B vs Est of 116.43, - AWS Net $18.4B EST 18.2B - subscription sales - operating margin 3.2% vs 4.7Est, that's another big miss - loss of 7.56/share vs a profit of 15.79/share a year ago, again highlights the danger of a very low margin business model that makes it up on volume, when all your inputs go up in price. - their first quarterly loss in 7 years. - international business was down a fair bit, both in profits and sales, This is something to watch as US sales are probably not a growth area anymore and bulls were watching this areas specifically for growth. Not only fail to grow here but to show a loss is concerning. - their trailing 12M P/E was 124 and their forward 12M P/E is 55, so everyone expects far less growth in the future Notes: - looks like its the sales forcast that algos seem to hate - reporting a loss for Q1 and projecting another loss for Q2, given that we're long gone from the run at a loss to grow days of Amazon, this is something to watch. Maybe people are finally starting to buy local again? - starting to bring down other ecommerce companies which helps support the people buying in person thesis some analysts have been pushing - From Bloomberg, Worldwide shipping costs jumped 14% to $19.6 billion. Meanwhile, revenue from online store sales dropped 3% and revenue from third-party sellers services increased 9%. Inflation is exposing the dangers of Amazon’s low-margin e-commerce model that has conditioned customers to expect low prices and quick delivery. - price of a prime membership is going up, probably a good idea, i know people who have given up netflix, I know no one who has given up a prime membership. Far more value with prime than netflix. - retention of employee's could be interesting to watch as a stock that could very likely be worth less in a years time than it is now would be a big paycut for alot of devs. - shares down 10% at one point. Option implied movement is 7.6% so this is an oversized move. - Rivian really boosted amazon last year adding 11.8B to their bottom line but the stock forced amazon to take a 7.6B loss on Rivian this quarter, so I guess this isn't something to be concerned with as this was never real anyway. - interestingly, the CFO just said they have too many people at teh company, though he didn't clarify if it was warehouse or developers, I'm guessing its mostly the former and any developer head count downsizing will come from employees who leave due to a share price that is coming down