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Agreed on Bezos, for a long time. Perhaps one reason he retired, is Amazon got so big he couldn’t see any more significant long term growth, relative to its mo
by Nevermark 3y ago
Agreed on Bezos, for a long time.
Perhaps one reason he retired, is Amazon got so big he couldn’t see any more significant long term growth, relative to its monstrous size, without enshittification:
Extorting income from partners, using sales data from third parties to compete with them, forcing ads and a gamed search onto customers.
He could only (or only wanted to) hold off Wallstreet for as long as he had a better plan.
Other than staying private, with stakeholders who care about the discipline & rewards of only finding quality growth (even if that path isn’t always clear), I don’t know of a way out of that trap.
I am no hippie, but I don’t think public ownership has found the perfect structure yet. There must be a way to better incentivize positive sum-only games. Keeping individual company growth tied more closely with customer improvement.