Jeff Bezos has confirmed Amazon’s growth is slowing • Hacker News Board

Re: Jeff Bezos has confirmed Amazon’s growth is slowing

#91

Post by skohan » Fri, Apr 12, 2019, 1:56 PM UTC

iambateman wrote: post #85

I wonder if Amazon’s days as the de facto online retailing site are numbered. For nearly everything I buy on Amazon now, I wonder: “is this real? Are these reviews real? Will it break in 10 minutes?” Obviously, Amazon is doing just fine, and we are a long way from my parents asking those same questions, and they have tons of businesses beside retail. So yes, they’ll be ok. But I think they’ve left the door open for c…

Who in your mind could replace them? I am sure they have issues, but it seems like they have such a massive lead in terms of logistics it's hard to imagine anyone delivering a comparable customer experience anytime soon.

Re: Jeff Bezos has confirmed Amazon’s growth is slowing

#92

Post by zamalek » Fri, Apr 12, 2019, 1:57 PM UTC

jhwang5 wrote: post #31

cm2012 wrote: post #20

Earlier quoted context omitted.

People suffer in recessions.

On the contrary, I think a recession - and hence a discount in asset prices - is good for people.

Losing your home is not good for people.

Re: Jeff Bezos has confirmed Amazon’s growth is slowing

#93

Post by koreyb » Fri, Apr 12, 2019, 2:08 PM UTC

cs702 wrote: post #84

Amazon is doing great ... but its stock price now seems much riskier . This is because many self-professed "growth investors" head for the exits, swiftly and silently, the moment they get a whiff that growth is slowing down.

The growth numbers to keep an eye on aren't ecomm, it's AWS and Prime subscriptions.

Re: Jeff Bezos has confirmed Amazon’s growth is slowing

#94

Post by mrfusion » Fri, Apr 12, 2019, 2:11 PM UTC

tyingq wrote: post #23

I think the poor management of 3rd party sellers is at least part of it. I've had several bad experiences with slow shipping, "out of stock" after the sale, items very much not as described, counterfeits, etc. And crazy bad support from those sellers...English bad enough that I couldn't understand the response. I now only buy a very specific subset of what I used to buy there.

I don’t understand how returns work anymore. I bought something thinking I could return it if it didn’t fit but it turned out the cost to return it was more than the item itself.

It doesn’t seem like they tell you that in advance.

Re: Jeff Bezos has confirmed Amazon’s growth is slowing

#95

Post by pascalxus » Fri, Apr 12, 2019, 2:34 PM UTC

elcomet wrote: post #82

Retric wrote: post #81

Earlier quoted context omitted.

Capitalism does not require growth. Many markets are stagnant or even shrink as technology evolves. Capitalism incurages growth, but does not require it.

Do you have some reference on this ? I'd love to read more about it.

He's probably talking about Europe and Japan. The Japanese stock market has been in decline for the last 30 years

Re: Jeff Bezos has confirmed Amazon’s growth is slowing

#96

Post by jhwang5 » Fri, Apr 12, 2019, 2:34 PM UTC

cm2012 wrote: post #35

jhwang5 wrote: post #31

Earlier quoted context omitted.

On the contrary, I think a recession - and hence a discount in asset prices - is good for people.

Good for rich people (those with money to spend on assets). Absolutely not good for most people.

Rich (<1%) already own assets, but the rest aren't invested enough. Asset prices right now are unaffordable. A big correction will give the rest a much needed discount. Agreed that there is a big segment in population who can't afford assets either way. But usually recessions impact the middle class the most.

Re: Jeff Bezos has confirmed Amazon’s growth is slowing

#97

Post by cs702 » Fri, Apr 12, 2019, 2:40 PM UTC

koreyb wrote: post #93

cs702 wrote: post #84

Amazon is doing great ... but its stock price now seems much riskier . This is because many self-professed "growth investors" head for the exits, swiftly and silently, the moment they get a whiff that growth is slowing down.

The growth numbers to keep an eye on aren't ecomm, it's AWS and Prime subscriptions.

I would say keep an eye on the whole top line, not just those two contributors to revenue. And also, watch out for any warning signs in the industry suggesting that cloud services are starting to become utility-like (low-margin, capital-intensive) businesses. That would not be good for AWS.

Re: Jeff Bezos has confirmed Amazon’s growth is slowing

#98

Post by rongenre » Fri, Apr 12, 2019, 2:52 PM UTC

I'm noticing that there's a lack of hot products that I "must have" and would jump onto Amazon to buy. Lately my consumption is largely driven by stuff I have wearing out -- this wasn't the case a few years ago.

Re: Jeff Bezos has confirmed Amazon’s growth is slowing

#99

Post by Wheaties466 » Fri, Apr 12, 2019, 3:21 PM UTC

mrfusion wrote: post #94

tyingq wrote: post #23

I think the poor management of 3rd party sellers is at least part of it. I've had several bad experiences with slow shipping, "out of stock" after the sale, items very much not as described, counterfeits, etc. And crazy bad support from those sellers...English bad enough that I couldn't understand the response. I now only buy a very specific subset of what I used to buy there.

I don’t understand how returns work anymore. I bought something thinking I could return it if it didn’t fit but it turned out the cost to return it was more than the item itself. It doesn’t seem like they tell you that in advance.

that and some items are nonreturnable. Which it does not say on the product page.

Re: Jeff Bezos has confirmed Amazon’s growth is slowing

#100

Post by aiphex » Fri, Apr 12, 2019, 3:24 PM UTC

I see Amazon now like Aliexpress with a worse UI. Side note - I got an Amazon.ca Visa 4 years ago. Then two years later I got a letter saying in a month or so they (Chase and Amazon) were ending the card service. So I was a student stuck with paying off the card without access to the credit I had factored into my budget while I was in school. I wasn't impressed. Haven't shopped on Amazon since.