Happy 20th Amazon
- Thread starter SkyRider
- Start date
They don't make money but their impact on the retail industry has been enormous. Next, they want or are already into fresh food.
Who knew a warehousing company could be a global business? Just had st stop thinking buildings and shelves and see product in transit, sometimes invisibly. Before their financing issues made them prey for Longo's, Grocery Gateway was looking to expand the same way from the other direction: Trucks and food to everything for the world, fast and fresh.
Online shopping is only a part of their business. They also have Amazon Web Services or AWS that businesses use for hosted databases, storage, etc. and it's quite profitable for them: http://www.businessinsider.com/amazons-cloud-business-hits-over-12-billion-in-revenue-2017-2
You can ordering coffee ahead through the Starbucks app and pick it up at a local store. McDonald's is going to follow suit. Once Amazon has their own stores, they'll likely have McDonald's or Starbucks counters inside them.
I guess there are so many coffee shops in Toronto because people live in smaller and smaller apartments. They use the coffee shop as their living / study / meeting room.
They've never posted a profit. They simply borrow money at near zero interest and sell the product at a loss. When the debt comes due they borrow more money and do a share buyback thus pushing up the stock. If interest rates rise Amazon is toast. It's a classic ponzi scheme but it does allow them to squeeze out any competition.
Amazon is a classic Globalist company. The ultimate drive to control the food supply.
Amazon is a classic Globalist company. The ultimate drive to control the food supply.
Theses are still early days but Uber still hasn't made a profit either. For some weird reason Uber is valued at $50 billion on paper.
Question: Has Twitter turned a profit yet?
Hmm.
https://www.fool.com/investing/2017/02/03/amazoncom-inc-earnings-profits-march-higher.aspx
"For its seventh quarter in a row, Amazon was profitable. Net income was $749 million, up 55% from the year-ago quarter."
Heard just this morning that the business has been so cyclical over the past two decades that there are almost no original investors who have held onto the stock since it has plunged into the basement a number of times.
How long before too many shopping malls are forced out of business, and Amazon gets charged with running a monopoly??
It took many years but Amazon does generate profit.
Uber is losing money on a quarterly basis in a way that not even Amazon ever did, even as its growth accelerates. I wonder if it's even possible for Uber to ever become profitable given its business model.
The reason Amazon took so long to post a profit was because they smartly invested as much as possible in growing their business. Which is, of course, why they're so successful today.
Also, there's a big difference between Amazon and Uber, and that's the mentality. Amazon is methodical. Uber is ruthless. I wonder which will be more successful in the long run.
Personally, I wouldn't take an Uber if it were free. The CEO is a complete ass and the company treats its employees worse than a Chinese Iphone factory treats theirs.
Oh, sorry, by "employees" I meant "independent contractors". lol
For what it is worth, federal Minister of Finance Bill Morneau said he does not rule out a bailout and the Bank of Canada Governor said liquidity will be provided if needed.
The irony is that the OSC is tasked with protecting investors and they caused Home Trust investors to lose 70% of the value of their stock.
Edit: I absolutely hate when something like this happens. This post was obviously meant for the Home Trust thread. @#$%^&*
The irony is that the OSC is tasked with protecting investors and they caused Home Trust investors to lose 70% of the value of their stock.
Edit: I absolutely hate when something like this happens. This post was obviously meant for the Home Trust thread. @#$%^&*
