Posted on 12/26/2020 10:09:55 AM PST by Eleutheria5
Just days before Amazon announced the big winners of its HQ2 sweepstakes, CEO Jeff Bezos had to address a separate but related concern among employees: Where is all this headed?
At an all-hands meeting last Thursday in Seattle, an employee asked Bezos about Amazon’s future. Specifically, the questioner wanted to know what lessons Bezos has learned from the recent bankruptcies of Sears and other big retailers.
“Amazon is not too big to fail,” Bezos said, in a recording of the meeting that CNBC has heard. “In fact, I predict one day Amazon will fail. Amazon will go bankrupt. If you look at large companies, their lifespans tend to be 30-plus years, not a hundred...
(Excerpt) Read more at cnbc.com ...
“Living wage” is populist/socialist (two sides of same kind) nonsense.
Captain Meathelmet owns the cockpit.
Wal-Mart, on the other hand, will get crushed if ever we played hardball with China trade-wise.
Amazon > Wal Mart
> snicker <
Bezos always did seem to run loss leaders to grow the business, things such as offering One Day Prime shipping, even though I suspect that costs the company money in the near term. Maybe Bezos knows that many of them are Ponzi like and will eventually cause a collapse.
It was in Tamarac, and I worked there from 2007 to May of 2009, approximately. Then Obama came in, and we left for Israel. Because I wasn’t around to hold things together, the whole chain went under;-)
I’m only guessing at his game. Could be he’s scaring people, causing a dip which he shorts, either by exercising puts or outright selling short, then when the scare wears off and the stock turns bullish, he buys it back at another profit, and does the same thing again later. But I smell stock manipulation, and I’d just love for him to get caught at it.
I heard the whole chain was gone. This is what comes of being so long out of the country. The Tamarac Winn Dixie is gone, anyway.
Motley Fool dropped this in my mailbox yesterday, in its pitch to get me to subscribe. So I must assume that it’s a going thing, and that the dip, which was steep, is related.
It gets the picture across. Bezos is no better than the industrialists of the late 1800’s in that regard
The richest man in the world has people working for him on food stamps. What is wrong with this picture?
Or you could not ass-u-me at all, use your head as something other than a hatrack and THINK. If it was a going thing they would have a quote from less than 2 years ago and be able to SHOW that it was related to the dip. Meanwhile the facts available say your ass-u-me was WRONG ON ALL FRONTS.
Anyone who is scared by this level of selling is an idiot, and should put their money in CDs. As well, when major shareholders sell blocks of stock in public companies, they must tell the SEC - and the public - ahead of time.
I’m sure bozos does plenty of bad stuff. This is routine planned selling of a company’s largest shareholder over time.
“I heard the whole chain was gone. This is what comes of being so long out of the country. The Tamarac Winn Dixie is gone, anyway.”
I honestly don’t know how they’re surviving. They have extreme competition where I live. Aside from a Walmart Marketplace on every corner, Publix has opened several stores and a regional chain called Rouse’s has entered the market with several stores. Of course we have Costco and Sam’s, too, but Winn Dixie keeps hanging in there. I believe they’ll collapse suddenly one day.
I had assumed that they already had. I remember watching them get cleared out of Casselbery because of the same exact dynamic. Publix here, Walmart there...
Don’t know what there business model is anymore.
I handle worse risks than AMZN. They are supposed to tell the SEC in advance, true. But I think there is probable cause to suspect hanky panky, and if nobody else wants to investigate, I will. Let you know if I find anything. My non-screen, human name is Dovid, and he was a giant slayer.
Yep. Sears was the Amazon of its time, pre-internet. The could have transited into online sales and re-invented themselves in the 90’s but were stuck in brick and mortar mentality.
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