I can't remember the last thing really good thing amazon innovated. They really are entering Day 2. I feel like even people internally can see aws slowly losing their lead to competition because of the slowing pace of innovation. I expect reinvent to be disappointing as well. Should that signal a stock sell?
Amazon invented 2 new leadership principles
amazon's real innovation was always organizational. the secret sauce isn't in products, that was always secondary. the secret sauce is structure and culture to build a sustainable and thriving business despite abusing and exploiting workers with high turnover, blue-collar and corporate alike. i don't know of other companies that pull it off comparably to amazon, it has huge business value, and i don't think it has changed. don't underestimate its significance. don't believe the azure numbers anyway. sure, tons of companies use office/365 and AD, and they call it "cloud", but those things don't really compete with aws, except for insignificant IAM and Workdocs shit. aws remains absolutely dominant as the platform to run software in the cloud, despite the lack of moonshots.
If the tech company do not innovate it will not thrive. Clearly if the secret sauce is organizational, it is not working, because the organization is not able to innovate, which means it will stagnate and die.
that's not really true though. i know that this is what they tell the world, but they don't need to innovate, it's enough to milk their major products with a sustainable business and operational model. google hasn't created anything innovative that's meaningfully profitable in like a decade - the few new profitable google-made products have insignificantly small impact on revenue compared to search and ads, and the rest are acquisitions where google didn't truly innovate, it just executed well on scaling an acquired company's innovations. the amazon model isn't that different even though there was a period of heavy innovation in AWS (but even that has slowed down to a trickle compared to before and adam's solutions focus is all about milking the cow, not innovating) this is a natural consequence of the maturation process of companies. look up corey doctorow's concept of enshittification for more examples.
Entering? Day 2? Do you mean exiting day 42?
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