heisenberg
Earl Grey
so I guess it's true for any giant. You either fade away slowly or you go out with a big bang.
so I guess it's true for any giant. You either fade away slowly or you go out with a big bang.
Actually Amazon made profits in 2015 and 2016:
https://www.sec.gov/Archives/edgar/data/1018724/000101872417000011/amzn-20161231x10k.htm
2017 so far is still showing profit but down from 2016:
https://seekingalpha.com/article/4092256-amazon-com-inc-2017-q2-results-earnings-call-slides
It looks like a lot of the lower profit this year ties back to outlays related to the Whole Foods acquisition.
I did some fact checking, and despite sales growth, and Jeff Bezos' personal wealth approaching ONE TRILLION dollars, Amazon is indeed losing money. Also, that same fact finding mission revealed that Uber does indeed own a ginormous fleet of vehicles which are bought first by Uber then leased out by them to new drivers who qualify for them. They also own many commercial vehicles and limousines. Everything else in the video seems spot on as well....
Actually Amazon made profits in 2015 and 2016:
https://www.sec.gov/Archives/edgar/data/1018724/000101872417000011/amzn-20161231x10k.htm
2017 so far is still showing profit but down from 2016:
https://seekingalpha.com/article/4092256-amazon-com-inc-2017-q2-results-earnings-call-slides
It looks like a lot of the lower profit this year ties back to outlays related to the Whole Foods acquisition.
This is the first I'm hearing of Uber owning a fleet of vehicles. Is that here in America or somewhere else? Everyone I know who drives for Uber has to supply their own car. That's kind of the idea of a "ride share program" compared to a taxi service. If Uber is now supplying cars for employees to drive that would make them a livery service and subject to a whole host of regulations that ride share programs don't have to deal with. And from what I understand Uber drivers are paid a portion of the fares that they drive, but they don't get a paycheck for hours worked or anything like that. But if Uber is now actually hiring people to drive their cars (see my comment on livery service above) then that would make them employees. Why Uber would want to do that is beyond me as it doesn't make sense for their business model which is based on ride share and not regulated livery service. (Then again, I don't really give a shit, so there ya go, lol.)
It's here in America. They get around the livery service requirement and employee requirement by becoming the leasing company that leases to new drivers who want to lease a new vehicle for driving for uber as opposed to using their own vehicle. The program is here:
https://www.uber.com/drive/vehicle-solutions/
The drivers using their own vehicles are the majority of Uber drivers, but the lease fleet is huge. It includes trucks, vans and limos too. By buying the vehicles then leasing them, they become a lease company and the Uber driving is not coming into play on that level. The vehicles become personal vehicles, with the lessee paying a lease payment to Uber whilst they get paid to drive.
I can't help but wonder if now that Amazon owns Whole Paycheck -- sorry, I mean Whole Foods, if their prices will drop and they will become more reasonable and competitive? I hope so because there's one close enough to my house to be convenient for me. Currently though I'm driving much farther to go to a competitor who has really great produce and reasonable prices.
I did some fact checking, and despite sales growth, and Jeff Bezos' personal wealth approaching ONE TRILLION dollars, Amazon is indeed losing money. Also, that same fact finding mission revealed that Uber does indeed own a ginormous fleet of vehicles which are bought first by Uber then leased out by them to new drivers who qualify for them. They also own many commercial vehicles and limousines. Everything else in the video seems spot on as well....
In answering your question, yes these youtube reports are sometimes lame, and aren't without their flaws, but it was just to bring up an interesting topic about multibillion dollar companies and how they survive. Target/K-mart/Zellers/Sears/Wallmart are all fading away albeit slowly. I guess that any giant can't last forever. Whole foods won't really be a game changer really. Prices of goods are as cheap as they are. Costs increase because of shipping but the margins that stores make on products are razor thin. That's why they go by selling lots and lots of them rather than smaller quantities.
I hope that soon we will be able to just rent a vehicle rather than having to pay for registering and buying it.
Wellll......I have to disagree here. The produce at Whole Foods is noticeably of higher quality. Much higher quality. As is the cheese, and the few meats they have. The price was the limiting factor. Whole Foods is Whole Foods because of quality. I do not see how Amazon is going to be able to maintain that quality at a 40% price drop. Not to mention the haughty checkout people who somehow think they get to be snobby because they are a bag boy at WF instead of Smart and Final.
More healthy? How so? You mean that Organic bullcrap, Non-GMO scam? You know there has been several studies to show that Organic is just out there to get your money, right? Infact, some just repackage it but it gives people the illusion that you are getting value for your money. These companies don't make a lot of money from an individual product. They buy in bulk and then sell to the public, hoping to get a return on investment. They cut prices to remove old stock so they can recoup some if not all the cost of goods sold(i.e. purchasing price + any other historical costs).Wellll......I have to disagree here. The produce at Whole Foods is noticeably of higher quality. Much higher quality. As is the cheese, and the few meats they have. The price was the limiting factor. Whole Foods is Whole Foods because of quality. I do not see how Amazon is going to be able to maintain that quality at a 40% price drop. Not to mention the haughty checkout people who somehow think they get to be snobby because they are a bag boy at WF instead of Smart and Final.
That Fresh Thyme stuff looks interesting. I wouldn't mind going to one next time I'm in USA. Last time I was there I did go to a whole foods to have a look around. Man that shit was overpriced. The only thing I ended up buying was a fresh pizza slice, which strangely for about 3 bucks and a half was not too expensive.
More healthy? How so? You mean that Organic bullcrap, Non-GMO scam? You know there has been several studies to show that Organic is just out there to get your money, right? Infact, some just repackage it but it gives people the illusion that you are getting value for your money. These companies don't make a lot of money from an individual product. They buy in bulk and then sell to the public, hoping to get a return on investment. They cut prices to remove old stock so they can recoup some if not all the cost of goods sold(i.e. purchasing price + any other historical costs).