Makes sense. Amazon is making VERY bad investments just to pump Bezos' personal investments in related industries
Warren Buffett dumps $1.7B of Amazon stock
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Re: Warren Buffett dumps $1.7B of Amazon stock
#142Please fix the title: Berkshire Hathway dumped it, not Warren Buffet.
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Re: Warren Buffett dumps $1.7B of Amazon stock
#143Maybe 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…
These just aren't the relevant concerns behind Amazon's stock performance in the last month. It's the capex.
Markets can’t see the product quality of a monopoly. It won’t be reflected in the metrics because there’s no competition to anchor the earnings to the real consumer value. But that doesn’t mean quality isn’t a factor- it makes them vulnerable to disruption.
Warren Buffett is known to trade on product quality (he buys what he uses). So his sale could be based on that.
Re: Warren Buffett dumps $1.7B of Amazon stock
#144Berkshire Hathaway has my favorite website (or, WEB page, as they style it) of any big company: https://www.berkshirehathaway.com/
My god, static text with no graphics!? In 2026!?
Except geicoimg.gif, lol
I almost want to let Warren know he could have an entire extra egg McMuffin per year if he switches to SVG rendering of the Geico logo on the site.
Re: Warren Buffett dumps $1.7B of Amazon stock
#145Earlier quoted context omitted.
> My Echo, that I use solely to voice activating lights and switches, is now an ad machine I've been wondering if it is even possible for a publicly-traded company to deliver a voice assistant product without these incentives involved. I have to imagine the UX of these devices would be much different if they were built by a private company without the same market pressures. It would need to be self-contained and loca…
This is why devices that are basically loss leaders should always be illegal. The end value product is an update that will come later down the line that screws everything up. For those considering smart home devices, please just buy a home assistant device. It is easy for the non-technical and also not that much more expensive
Matter/Thread is reasonably good with Apple Home. The more adventurous can also dual-join it to Home Assistant running on the same Thread network. It surprisingly just works, though the dual-controller setup still involves a little initial suffering.
Re: Warren Buffett dumps $1.7B of Amazon stock
#146Re: Warren Buffett dumps $1.7B of Amazon stock
#147Earlier quoted context omitted.
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.
Yeah this is something really beautiful about India: life is cheap and there are tons of desperate people who will kill themselves for you. In the Netherlands you'll be waiting an hour for your meal to be delivered by a bored teenager on an ebike. And you're going to be grateful.
> In the Netherlands you'll be waiting an hour for your meal to be delivered by a bored teenager on an ebike
It takes less than an hour to make a dinner oneself
Re: Warren Buffett dumps $1.7B of Amazon stock
#148Earlier quoted context omitted.
I half expected to see an "under construction" gif and a "powered by GeoCities" tag at the bottom
It's definitely missing a website hits counter.
I want the blinking fuchsia marque in H1 italic Comic Sans on a yellow starry night animated GIF background.
Re: Warren Buffett dumps $1.7B of Amazon stock
#149Amazon'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…
Trying to make every business have software margins is going to destroy society.
Private equity, consultants, and the pedophile class are eagerly awaiting it.