> He said the e-commerce giant has operated its retail segment at a loss for decades, subsidizing the retail portion of its business with profits from other areas, such as web services.
Amazon made losses for a long, long time. At that time AWS was not significant. Amazon's expansion was financed by investors.
> "That's because Amazon sells below cost and continues to do that," said Simon, who serves on the board of directors for Darden Restaurants. "It's destroying jobs, and it's destroying value in the sector," he said on "Closing Bell" on Thursday.
Right, Amazon is selling at scale at loss. That would be a recipe to go bankrupt real fast. Not true.
> "Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!" Trump wrote on Twitter.
Incremental revenue to the postal service will only improve their bottom line. Effects on other retailers is result of a more competitive business model.
Abuse of market power is a concern indeed. Big players can bulldoze markets e.g. Walmart squeezing suppliers. Amazon's power is a concern here but Amazon's power vs. their suppliers in a lot of places is be still way smaller than Walmart's. For some items (and I suspect higher paying items) Amazon may have taken over the leadership position.
Amazon is causing problems for cities, this is truly a big concern. But listening to someone who brings false and outdated arguments is not wise.
I don't think we'd have a USPS at this point if not for Amazon and other online retailers.
Anecdotally I haven't bought a stamp since I was a child, I pay all my bills online and opt-in for paperless billing, and at this point 95% of my mail is direct-to-recycling spam mailers.
If I'm understanding the USPS FY 2017 Revenue & Weight report (http://about.usps.com/who-we-are/financials/revenue-pieces-w...) properly, it would appear that shipping packages is their only area of growth with nearly ever other parcel type going the way of the dodo.
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[ 3.3 ms ] story [ 20.9 ms ] threadI'm not in favor of splitting, I want them taxed fairly but that's it.
Amazon made losses for a long, long time. At that time AWS was not significant. Amazon's expansion was financed by investors.
> "That's because Amazon sells below cost and continues to do that," said Simon, who serves on the board of directors for Darden Restaurants. "It's destroying jobs, and it's destroying value in the sector," he said on "Closing Bell" on Thursday.
Right, Amazon is selling at scale at loss. That would be a recipe to go bankrupt real fast. Not true.
> "Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!" Trump wrote on Twitter.
Incremental revenue to the postal service will only improve their bottom line. Effects on other retailers is result of a more competitive business model.
The sales tax argument is moot, Amazon has changed a lot here in the US (https://en.wikipedia.org/wiki/Amazon_tax ) and in Europe.
Abuse of market power is a concern indeed. Big players can bulldoze markets e.g. Walmart squeezing suppliers. Amazon's power is a concern here but Amazon's power vs. their suppliers in a lot of places is be still way smaller than Walmart's. For some items (and I suspect higher paying items) Amazon may have taken over the leadership position.
Amazon is causing problems for cities, this is truly a big concern. But listening to someone who brings false and outdated arguments is not wise.
Anecdotally I haven't bought a stamp since I was a child, I pay all my bills online and opt-in for paperless billing, and at this point 95% of my mail is direct-to-recycling spam mailers.
If I'm understanding the USPS FY 2017 Revenue & Weight report (http://about.usps.com/who-we-are/financials/revenue-pieces-w...) properly, it would appear that shipping packages is their only area of growth with nearly ever other parcel type going the way of the dodo.