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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

#101
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…

Amazon is Walmart for progressives.

Everyone raced to the bottom so now Walmart almost feels better than the rest. I have somewhat more confidence in products I search there, or at least I can tell when the seller may be shady.

Re: Warren Buffett dumps $1.7B of Amazon stock

#105

Amazon's core business does not make sense. Despite being so massive, their retail operation makes almost no money. There is little market share left for them to win, the best they can do to grow is shave expenses. AWS has been their real money maker, but also the explosion of AI and server farms has worked against them in threes ways: there is much more competition on infrastructure, the costs to run infrastructure…

> There is little market share left for them to win Despite controlling about 40% of US online retail, Amazon only has about an 8% share of total US retail. There’s still plenty of room to grow here. https://www.emarketer.com/content/amazon-will-surpass-40-of-...

What is there for Amazon to grow? They're closing their physical fresh stores etc. Is the intention to compete with Walmart and Dollar General?

Re: Warren Buffett dumps $1.7B of Amazon stock

#106

Berkshire Hathaway has my favorite website (or, WEB page, as they style it) of any big company: https://www.berkshirehathaway.com/

I half expected to see an "under construction" gif and a "powered by GeoCities" tag at the bottom

Why?

This doesn’t give the vibes of an amateur personal site - it’s a timeless business site.

Re: Warren Buffett dumps $1.7B of Amazon stock

#107
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…

They're an ads company now. Not a store. Not a device vendor.

Re: Warren Buffett dumps $1.7B of Amazon stock

#109
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…

Amazon has been quite useful for me as a single bachelor living in an Indian metropolitan city. 1. I get very useful items at very good prices, many of which I would have to wander the city for hours to find, or couldnt find at all: - Eg: I got a pair of adjustable dumbbells at 2. Amazon Fresh is usually cheaper for groceries and maintain consistent quality compared to local supermarkets. I will also avoid the need t…

amz is beholden to cheap products and labor. you have both in india.

elsewhere it's awful, for the exact same features you describe.

they even bought a premium supermarket chain so their produce stop being returned in the US.

Re: Warren Buffett dumps $1.7B of Amazon stock

#110
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 mean if I want two day/fast shipping, it's still the only place that can do it without costing me $45, and even then a lot of places won't get it in the mail that fast. They also have a much more reliable and robust return policy, which is a headache for other sites. While I agree the experience has worsened it's still the best online store as far as I'm aware
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