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The Four
Jackwraith wrote:
Msample wrote: As soon as investors tire of his string of unfulfilled promises and the cash infusion stops, that place will shut down instantly.
People said the same thing about Bezos and Amazon for 20 years. Twenty. Years. And they still don't post a significant profit every quarter. But they continue to expand into new markets and formats (and a space program, just like Tesla) on a regular basis. You know how many people watched the launch of a car into space this week? That's marketing, yo. Not a week goes by that I don't read or hear sentiments just like the above, but somehow he keeps going. At the moment, if I were to have skin in the game, I'd be betting on Musk.
But in the case of Amazon, they have always had substantial revenues - they posted losses because they kept plowing them back into the business.
Edit : Oh, and Amazon just posted a $1.9 billion dollar profit last quarter, 10th quarter in a row of profits.
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boothwah wrote:
Mr. White wrote: I think it's sort of telling that as retail is slumming, the one brick and mortar retail sector that's booming is the Dollar General/Dollar Tree type wing.
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the-retail-apocalypse-isnt-just-amazon-its-that-the-middle-class-is-disappearing
For sure, the shrinking middle class is also part of the problem. Which, in turn, causes these families to look for cheaper options (Amazon, Walmart, etc).
It's too easy for us to become a snake eating our own tail for survival.
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- Cranberries
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Apparently Damien Hirst has a new installation here in Orem. The top photo is a censored piece in Doha.
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- Jackwraith
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Msample wrote: Edit : Oh, and Amazon just posted a $1.9 billion dollar profit last quarter, 10th quarter in a row of profits.
11th, actually. But my point was "significant profit." On revenues of ~$30 billion, only about half of those quarters posted a significant share increase. And that last quarter was significantly influenced by the US tax cut legislation, which added about 3/4 of a billion to their margin.
So, my point still stands. Bezos took 20 years to get to a significant return, was still losing money as late as 2015, and yet stayed in business that long because investors were pleased with his overall progress. Last I knew, most of the big money back up Musk was taking the same perspective.
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I was going to post an image of the Umbrella Corporation here, but can't find one at a non-https site. F:AT no longer allows us to post images from https sites.
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Automation could make our world a heaven or a hell, and it comes down to a question of which political orientation wins out. Conservatives would give us an automated hell where a small set of fabulously wealthy plutocrats rule a planet load of poor unemployed people. Liberals would give us an automated heaven where machines provide a comfortable basic lifestyle for the masses, free from labor and able to pursue a life of leisure. The key question will be "basic income." How much money will the unemployed be given to live on, and will there be restrictions on having children to avoid overloading demand for available resources.
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Shellhead wrote: https://vignette.wikia.nocookie.net/villains/images/2/2a/The_Umbrella_Corporation_Logo.jpg/revision/latest?cb=20170304192012
I was going to post an image of the Umbrella Corporation here, but can't find one at a non-https site. F:AT no longer allows us to post images from https sites.
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For sure, the shrinking middle class is also part of the problem. Which, in turn, causes these families to look for cheaper options (Amazon, Walmart, etc).
It's too easy for us to become a snake eating our own tail for survival.
Not to be combative, but something about the “middle class shrinking” thing fucks me up every time I see it.
Notice how from
1971 to 2015 there’s only 4% more people below middle class? Also note that the middle
class lost 11% in that timeframe but the top class gained 7%? (this is a cnn chart, too).
Do the math there.
Of the original 61% of the middle class, 4% descended into poverty, but 7% “made it”. Is t that mostly a success story? Especially when you consider that the population in 1971 was ~100 million less than now?
The middle class as a percentage is shrinking, but the NUMBER of people living in prosperity is nothing short than miraculous.
Not saying that everything is peachy, but it’s totally disingenuous or misinformed to assume that “shrinking middle class” means that the people no longer there became poorer, when CNN’s chart tells us that almost twice as many people (percentage) became rich than became poor.
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- SuperflyPete
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This is truly fucked up. I only wish they’d have tested a third phone that was powered off.
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With these latest figures, Bandcamp took digs at its streaming giant competitors Spotify, Apple Music and Amazon Music by boasting nearly six straight years as a profitable business "that only makes money when artists make a lot more money."
Success seems possible in this area.
But the fight must go on...
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