Amazon is like the sentinels from the movie Matrix. Whenever it detects life in a shopping mall, it quickly moves on it like a predator to kill it, in order to sustain its growth rates and make sure Wall Street continues to accept their business model, which doesn’t include a lot of profits.
The big winner this holiday season was a personal favorite of mine, the Amazon Echo — which is essentially a device that spies on you all day in order to better serve your hedonistic needs.
Amazon reports that the 2016 holiday was the ‘best-ever’ season for Amazon with devices
Customers purchased and gifted a record-setting number of devices from the Amazon Echo family with sales up over 9x compared to last year’s holiday season and millions of Alexa devices sold worldwide this year.“Despite our best efforts and ramped-up production, we still had trouble keeping them in stock.”
Amazon Prime: More than one billion items shipped worldwide with Prime and Fulfillment by Amazon this holiday season. More people around the world tried Prime this holiday season than any previous year. The fastest Prime Now delivery on Christmas Eve took 13 minutes and was delivered at 9:05 p.m. to a Prime member in Redondo Beach, California. The order included a Tile Slim Item Finder and a Tile Mate Key Finder.Mobile Shopping: More than 72 percent of Amazon customers worldwide shopped using a mobile device this holiday. Shopping on the free Amazon mobile app grew by 56 percent this holiday, worldwide. On Cyber Monday, Amazon customers worldwide purchased about 46 electronics per second on a mobile device. On Cyber Monday, Amazon customers worldwide purchased about 36 toys per second on a mobile device.
On Cyber Monday 2016, Handmade at Amazon saw a 200 percent increase in sales versus Cyber Monday 2015.
Shares of $AMZN have been on a roll this year, unlike many brick and mortar retailers.
The Amazonian deflationary vortex continues — unabated.
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risk of being hit by truck or shot by religious terrorist is much lower buying thru Amazon instead of shopping at a mall or market though.
BAS just removed the dicks from all shorts.
Reverse splits, how do they work?
Totally sums it up: in order to sustain its growth rates and make sure Wall Street continues to accept their business model, which doesn’t include a lot of profits.
WMT profits – 14 billion a year
AMZN profits – 500 million (best year ever)
Virtually the same company (consolidation, logistics and tech infrastructure for manufacturers) however I don’t get to see the cream of the crop at my local Amazon.
That being said Amazon isn’t always the cheapest in town, and I have no idea why they can’t turn a profit even with lower taxes.
Must have something to do with this GL account: Sales, General and Admin. Whatever they are stuffing in there.
In fact it makes no sense at all when you flip their cost of revenue versus sales, general and admin. They are the exact same but flipped around. Amazon is more profitable by a long shot if you take out the Sales, General and Admin which makes zero sense. They have like 2 million less employees and no capital assets besides some computer crap and a few warehouses.
What is Jeff Bezos wearing in that pic? A Nehru suit?
I own three Echos.
The one in the kitchen gets the most use. Great for setting timers on food.