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Amazon has historically said that they don't care about their stock price. The losses in question are a mark-to-market loss on Rivian. If you look at their ope
by manv1 4y ago
Amazon has historically said that they don't care about their stock price.
The losses in question are a mark-to-market loss on Rivian. If you look at their operational numbers they're mostly fine.
That's the problem with the lack of financial literacy. Is the loss a paper loss or a hard dollar loss? On a hard dollar basis amazon is doing great, for the most part. Most people don't know the difference, and most reporters for some odd reason don't either.
They'll use this "loss" to talk about how the end is nigh, etc. But that's really bullshit. The end isn't near for amazon.
- green-eclipse 4y agoNo one is claiming the end is near for Amazon. That's a strawman. But it's clear from the earnings release that the business is experiencing strong headwinds in multiple areas of the empire. Amazon closed out its slowest year of growth in its quarter century as a public company. And Amazon does care about the stock price. If they didn't, they wouldn't issue guidance to Wall St analysts every quarter about expected revs and earnings. Not all big tech companies issue guidance. Apple stopped doing it several years ago. Google has never issued guidance. Maybe Amazon didn't care about the stock price a decade ago, but that's definitely not the case now.
- manv1 4y agoI suppose you haven't been reading the normal press.