Like what really is our goal? We have the largest shipping infrastructure in the world. It's unprofitable. We're trying to robotize it and it's costing billions. E-commerce is just a loss. AWS is king but azure is apparently a pretty popular thing, good cloud is a joke, but a slew of other clouds out there, can AWS really keep Amazon afloat? Twitch? Prime video? Prime offerings? Alexa? What do we have that will keep us from turning into the next ibm? We have some physical stores as well I suppose. What is the end goal? What's the long term play? Tc 125k #tech
I think the goal of amazon e-commerce is to first drive out the competition, make eBay and others obsolete. Become monopoly and then drive up the prices, even a small profit on every order over 40-50 billion revenue every quarter is huge. They already hiked prime membership price. Add more features in prime, like amazon music and offer it as free. Wait for a year and get people habituated and then hike the price of prime itself which offer one day delivery, music, movies. Get people into your ecoverse and drive up the price gradually. As of now, they are not showing much net profit and investing the money earned into warehouses and enabling robotics to handle warehouse. Once when it is done, they can layoff so many people in warehouses and they don’t need to pay salary, medical, dental benefits. Margins will improve on e-commerce. As harsh as it sounds, this is how businesses operate.
This is not 2012. They have done all these what's next flywheel?
Make money. When what we are currently doing starts to flatten, do something else. Repeat. Amazon is very good at the “something else”, just look at AWS. We will figure it out.
Only AWS and ads make money. Everything else is losing money
Are you saying that if we take AWS out, amazon.com itself is a money 💰 loosing business?
Customer obsession, duh.
Delivery truck
Our FAT rivion loss.
I thought the same about Apple as well. Phone, laptop, watch, earbuds, tablet, tv, homepod... Apple/Google is everywhere. I feel like we're in late stage capitalism where big tech are running out of new sectors to grow into.
You know what’s harder? Establishing the largest shipping infrastructure. You know what’s easier? Being frugal and figure out a way to make it profitable. If you dive deep into results, you will find that all the expenses are going towards international expansion, which is why the special call out about change in global currency dynamics. Amazon wants to be the Coke of the soda industry. Yes, there will be region specific brands, but Amazon will always be a choice for you. I think the next year will be telling. I expect projects with no near term profitable strategy will be asked to commit to either a growth metric or a OM metric. If the trend doesn’t keep up with OP2 projections, it will mostly be shut down. Deliver Results, Frugality and Bias for Action will be the words on the street for next 18 months.
YOY growth every quarter
HR Issues
3d
3410
Profanity caught while screen share
India
5h
596
What do vegetarian Indians eat for protein?
Tech Industry
Yesterday
3366
1 vs 5 Million - no lifestyle change
Ask Blinders
Yesterday
931
Why is our country owned by Israel? I don't want my tax dollars fund genocide. How can we stop this nonsense?
Tech Industry
Yesterday
516
Bitcoin is the only possible future
TC?
Updated
Why so low?