What do ya all think about Amazon.com?
On May 15, 1997, Amazon, then an online bookstore, went public.
The company's stock has seen a stunning 36% compounded annual gain since then.
Amazon closed at $961.35 on Friday, giving the company a market value of about $466.2 billion. That's 490 times its split-adjusted stock price close at $1.96 on day one.
Amazon has earned fortunes for its most disciplined shareholders and its founder, Jeff Bezos, who in March became the world's second-richest person, overtaking Berkshire Hathaway CEO Warren Buffett and retail tycoon Amancio Ortega.
As The Wall Street Journal reported when Amazon first filed for its initial public offering, the company was just three years old and had no clear path to profitability. It faced a growing list of competitors that included Simon & Schuster and Barnes & Noble, each of which was already selling books online.
Amazon has now turned a profit for eight straight quarters, thanks in large part to the strength of its cloud-computing business, Amazon Web Services. Its more popular retail segment is not as profitable but is often cited as the existential threat not only to other bookstores but to any company in the brick-and-mortar retail business.
Walmart, America's largest brick-and-mortar retailer, is worth $228.25 billion, less than half what Amazon is worth.
May 15th, 2017 12:02pm
As far as retail goes Amazon is kind of the antichrist. They leave almost no room for other retailers. In a past generation Amazon would be on the chopping block for antitrust. And their massive encirclement of entertainment and hosting and tech services just adds to the fun.
They could do absolutely anything in a compatible market just with their scale. If they ever figured out, for example, how to package AWS for know-nothing website owners who need cheap hosting, then there goes 1&1, Hostgator, Godaddy, et al.
May 15th, 2017 12:06pm
Don't get me wrong... I'm a hypocrite. We're a Prime household and I have their credit card. If I could buy fresh vegetables, meat, milk and cheese from Amazon, I'd never go to the supermarket.
May 15th, 2017 12:07pm
Never ordered a thing from Amazon, never. Their site comes useful though in reading reviews, figuring out the right product at the right price, then between /2 and /10'th of it.
So thank you Amazon, it'd have had been a little harder without you.
May 15th, 2017 12:18pm
s/then between/then paying between/.
May 15th, 2017 12:19pm
I don't have Amazon credit card or Prime membership but I have bought plenty of stuff from Amazon. They are mainly electronics and books.
May 15th, 2017 12:30pm
I hardly buy anything from Amazon, but there are exceptions.
Someone from Australia that I know has written a Sci-Fi series of novels, that he published digitally at Amazon, a low barrier method of selling your books.
(kind of WWII in the Pacific, but then in space with fleet actions and marines landing on moons)
But acquiring that that was a real pain.
In the Netherlands I am not allowed to buy from Amazon.com, but have to use Amazon.nl, and they don't offer that book.
I finally succeeded in making a German account at Amazon.de and ordered the e-book there.
Dutch books I try to order directly from the author or publisher, or I buy on the 2nd hand on-line market shutting out the big companies.
Well if the author gets your $100 x another 100, that's still nothing compared to the blockbuster Hollywood movie I watch.
And someone here made it painfully simple: given 100 candidates who are 90% competent and 1,000,000,000 candidates who are only 9% competent. Hollywood wind.
May 15th, 2017 1:06pm
May 15th, 2017 1:06pm
I refuse to compete with Hollywood, a.k.a. Google, Apple, M$.
I refuse to compete in math olympics which are no better than the Gladiator fights they used to have 2000 years ago.
All my bosses are acclaimed Gladiator fight winners and they'd slash my throat with mathematical precision, if they won that and they won that.
I hate them deeply and I'm better than them. Only, catch-22. To be better than them in a cuttrhoting world, you have to cut throats.
I don't but I still have my hate.
May 15th, 2017 1:11pm
You live in a world where being better means cutting the throat of your neighbor, who just happens to be a very skilled guy in cutting throats.
How do you approach this problem in the first place, apart from being / living among them?
That's what EU is about, if you still wonder.
May 15th, 2017 1:15pm
In the Netherlands Amazon is small.
Dutch people buy their books and other online purchases mostly from Dutch web-shops.
Market leader here is bol.com, owned by supermarket company AHOLD.
Also, e-bay doesn't have traction here: marktplaats.nl (marketplace) had a very early start here and totally dominates the private exchange market.
I've been an Amazon customer since 1998, maybe 1999.
I'm thinking of dumping them because of some recent orders have had counterfeit goods (water filters for the cat fountain)
> In the Netherlands I am not allowed to buy from Amazon.com, but have to use Amazon.nl, and they don't offer that book.
> I finally succeeded in making a German account at Amazon.de and ordered the e-book there.
I forgot to tell: then my phone kindle application refused to login with my German account, so now I can only read this stuff on my PC, where I can choose where to login.
I will never buy a kindle because of this these fucked up DRM measures.
I used to use amazon a lot, like multiple orders a week.
Then they made it so it was free shipping only if you bought $35 worth of stuff. I didn't often buy that much at once. Sometimes I'd say well I'll not buy this little thing until I buy a big ticket thing and then get both and free shipping. And then I'd lose interest in the big thing or forget about all of it within a few weeks. Before you knew it it was six months of no orders.
Then they raised it to you have to buy $40 then $50 to get free shipping. By this time I wasn't buying anything at all in 18 months. Including skipping their black friday deals, which totally started to suck. In fact all the prices would go way up a month before black Friday and come down to normal MSRP in time for black friday as a deal. WTF man.
Been a long time since I shopped there. Looking up their shipping just now I see they lowered it back to $25 triggers free shipping. Cool, but I've broken the habit.
I generally buy all my shit direct from China these days for 1/10 the price. Or just go without.
May 15th, 2017 3:39pm
Amazon fucks with their shipping deals all of the time. Even though I have Prime, not everything labeled as Prime gets 2 day free shipping. They have a category of lower priced small items (examples: combs and other small grooming accessories, blindfolds, small bags of pet treats, etc.) that can only be shipped free if you add them to a $25 order. It's not consistent, either. There are some small ~$12 items that are an add-on and other items for less that are free without restriction.
Amazon generally but not always has the lowest prices on many commodities, and I do get some use out of their streaming. But I feel like I am funding an evil empire.
May 15th, 2017 5:12pm
I hardly use them anymore because I just don't buy much stuff.
May 16th, 2017 4:21am