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Warren Buffett dumps $1.7B of Amazon stock

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Re: Warren Buffett dumps $1.7B of Amazon stock

#91

Post by LeoPanthera »

JMKH42 wrote: post #90

The purchasing experience when you buy direct from companies now is usually much easier than it was years ago. A lot of people instinctively turn to Amazon because its one click and stuff is on its way, but with the new payment integrations even small companies have a pretty close to 1 click experience as well. So when I think of buying something on Amazon I always check the actual brands website first now, because I…

A surprisingly large percentage of products on Amazon are now companies that sell only a small number of very specific things and have a name like KUFLPOW.

Re: Warren Buffett dumps $1.7B of Amazon stock

#92

Post by alkonaut »

Did Amazon hit any major setbacks? Like some antitrust issue? There was talk in Europe about how Amazon should be legally responsible for everything sold on the platform in terms of safety, authenticity and so on even if things are sold directly by third parties. Has that actually happened anywhere? It would make sense but it feels like it would be a financial blow to amazon.

Re: Warren Buffett dumps $1.7B of Amazon stock

#93

Post by mooreds »

ilamont wrote: post #86

My view of Amazon's decline comes from being a "partner" in their seller and publisher ecosystems for years. The seller platforms in particular (Brand Registry, Vendor Central, Seller Central, Transparency, etc.) have crippling levels of technical debt. The situation has only gotten worse with Jassy's reckless directive for the entire organization to push into Generative AI ( https://www.aboutamazon.com/news/company-…

> Its PPC ad platform is completely predatory, loaded with dark patterns and hidden defaults that add billions to top-line revenue while strip-mining the accounts of sellers who often have no choice but to participate in the auctions.

At least they mark ads as 'sponsored', even though it isn't super prominent.

I always scroll until I see organic results, myself.

Re: Warren Buffett dumps $1.7B of Amazon stock

#94

Post by koolba »

paxys wrote: post #11

Berkshire Hathaway, not Warren Buffett. Large stock sales always make headlines but they don't automatically signal bearishness or really anything else. After all what's the point of investing if you never realize gains?

Kind of both. It’s the last direct decision that he made for Berkshire as the guy in charge.

Re: Warren Buffett dumps $1.7B of Amazon stock

#95

Post by rdtsc »

LeoPanthera wrote: post #91
JMKH42 wrote: post #90

The purchasing experience when you buy direct from companies now is usually much easier than it was years ago. A lot of people instinctively turn to Amazon because its one click and stuff is on its way, but with the new payment integrations even small companies have a pretty close to 1 click experience as well. So when I think of buying something on Amazon I always check the actual brands website first now, because I…

A surprisingly large percentage of products on Amazon are now companies that sell only a small number of very specific things and have a name like KUFLPOW.

Yup, they are called Chinese-all-caps. Or that’s at least how I call them. Get bad reviews? Generate a new CAC name and start over. Rinse and repeat. Same product made by one factory in China sold by 100s of CAC Amazon entities.

Re: Warren Buffett dumps $1.7B of Amazon stock

#96

Post by epolanski »

paxys wrote: post #11

Berkshire Hathaway, not Warren Buffett. Large stock sales always make headlines but they don't automatically signal bearishness or really anything else. After all what's the point of investing if you never realize gains?

I think in Berkshire case they do, as they are swimming in cash and notoriously don't sell unless their business outlook changes dramatically.

In any case, I would not take what Berkshire does with much weight.

As Buffett himself said, if you took out their 5/6 best performing investments out of their equation they would be matching the sp500, and if you took out 20, they would be trailing it.

They know that their over performance came from a small number of incredibly well performing bets.

Re: Warren Buffett dumps $1.7B of Amazon stock

#97

Post by genghisjahn »

wenc wrote: post #84
xvxvx wrote: post #2

Maybe the novelty of Amazon has worn off. I occasionally purchase from their UK site, and it’s filled with tricks to get me to sign up for Prime upon checkout. Really horrible workflow and design decisions, cheapening the experience. I now see similar changes to the US version: ‘you saved $15 in shipping by being a Prime member with this purchase’ and ‘last year you made 211 sustainable product purchases’. Guys, quit…

I have two Alexas but never get ads. How is it that you’re getting ads?

The Alexa's with video screen will start to show ads no matter now many times you set it to no ads. There are settings for No Ads, and after a few days, that setting is reset to allow ads. I had one so I could quickly see my Blink camera, but I threw it away because it kept showing ads.

Re: Warren Buffett dumps $1.7B of Amazon stock

#100

Post by projektfu »

wenc wrote: post #84
xvxvx wrote: post #2

Maybe the novelty of Amazon has worn off. I occasionally purchase from their UK site, and it’s filled with tricks to get me to sign up for Prime upon checkout. Really horrible workflow and design decisions, cheapening the experience. I now see similar changes to the US version: ‘you saved $15 in shipping by being a Prime member with this purchase’ and ‘last year you made 211 sustainable product purchases’. Guys, quit…

I have two Alexas but never get ads. How is it that you’re getting ads?

Are they the echo show? I don't get ads on my dots but the show shows ads most of the time, when I really want it to show the clock face instead.

Region might matter. I set it to Australia/New Zealand region and for about a year it didn't show ads. But it does, now, even though it talks with an Australian accent.

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