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Old 10-16-2014, 10:41 AM   #1
ProfCrash
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BBC Magazine Article on Amazon

http://www.bbc.com/news/blogs-echochambers-29606207

Discuss
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Old 10-16-2014, 11:15 AM   #2
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...that sounds like an assignment
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Old 10-16-2014, 11:23 AM   #3
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Did you think the Prof was made up?

Get to work!
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Old 10-16-2014, 11:32 AM   #4
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Did you think the Prof was made up?

Get to work!
I just finished it. I side with the second half of the article. Overall, Amazon has been making the right moves leading them to success. As to their evil tactics against suppliers and competitors, they're no different than any other large corporation that can leverage their size for better terms.
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Old 10-16-2014, 07:28 PM   #5
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When I was young , my mother and I would help her brother, my uncle, in his bakery during holidays. Essentially free labor.

My aunt would rail long and hard at Krispy Kreme Doughnuts for being unchristian in their pricing.

Competition is tough especially when you are losing.
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Old 10-16-2014, 09:19 PM   #6
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My dog ate it...
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Old 10-16-2014, 09:39 PM   #7
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My dog ate it...
Might need to take it to the vet.
Some of those can be toxic.
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Old 10-17-2014, 10:51 PM   #8
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That warehouse in the photo is super large.
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Old 10-17-2014, 11:13 PM   #9
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That warehouse in the photo is super large.
Looks like the warehouse from "Raiders of the Lost Ark".

----

This sentence in the article made me laugh:

Quote:
Foer says Amazon's customers are complicit in these types of corporate abuses because they are opting for cheaper goods and faster deliveries.
How dare we!!!
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Old 10-18-2014, 05:06 AM   #10
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"It ploughs its profits into price cuts and innovation rather than putting them in the hands of its investors."

All figures I've seen from Amazon so far clearly indicate tiny margins.
They clearly opt for market share before short-term profits.
So, in my opinion, it's the other way around. They don't plough their profits into price cuts. They need the price cuts to get some minor margin at all.
Question to me really is, how long they can survive with minimum margin and at what stage they have to deliver shareholder value. Same is true for Facebook and the likes, of course.
BTW: Personally, I'm a fan of Amazon's business model, whereas I can't see any business model at all in Facebook.
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