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Forums - General Discussion - Amazon CEO Jeff Bezos’ Net Worth Surpasses $100B

Is Amazon even profitable? How is its estimated value so high?



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Gourmet said:
If he starts selling price will drop

He sells 10s of millions worth of stock each year.



crissindahouse said:
Ahh the slaveholder is number one like in most countries^^

lol slaveholder?



VGPolyglot said:
Is Amazon even profitable? How is its estimated value so high?

Yes it is profitable. That is how it buys Whole Foods for Billions as well as other companies in the past or hiring over 100K new employees this year or building a 2nd head quarters, etc.

The thing most people ignore when looking at Amazon's financial statements is that Amazon doesn't horde its cash and revenues to make investors happy. Instead, it reinvests in itself, its employees, and its product expansion to drive the flywheel. (google amazon flywheel) That is the number one reason why Amazon has continued to grow YoY so exponentially. 



The stock price is awesome. Can't wait to see it hit $2,000.



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roadkillers said:
vivster said:
Net worth tied to stocks is worth nothing.

If he were to sell his stock now, he would make 100 billion+... How is that nothing?

Because he will not sell his stock right now or anytime in the near future? At the point where he would actually want to sell them, they're gonna be a lot less worth, considering there is gonna be a reason why he wants to get rid of them.

The whole stock market is a volatile clown fiesta.



If you demand respect or gratitude for your volunteer work, you're doing volunteering wrong.

superchunk said:
crissindahouse said:
Ahh the slaveholder is number one like in most countries^^

lol slaveholder?

yes, everything I hear about the employees who work for Amazon in Germany sounds like slavery to me. Sure, they get paid a little bit but still. 



crissindahouse said:
superchunk said:

lol slaveholder?

yes, everything I hear about the employees who work for Amazon in Germany sounds like slavery to me. Sure, they get paid a little bit but still. 

Are you referring to temporary employees in fulfillment centers or other employees in tech, etc?

The requirements for a fulfillment center are drastically different for the rest of the company. Additionally, the conditions in Amazon FCs are not much different, maybe higher scale, than other large retailers. Its really just the nature of the beast to be as efficient as possible to keep up with sales and customer expectations.

As for the tech environment, that's BS. Amazon has to compete with other high-tech companies such as Facebook, Google, Apple, Microsoft, etc for the same top-talent. If work conditions where 'slavery' then no one would stay with the company. Its not like Amazon pays much more for the same positions as these other companies. Fact is, it is actually very rare an SDE has to work more than a typical work week for that region and if they do then it is because they decided it was something they enjoy or wanted. The company is very diligent at protecting an employee's work/life balance. 



superchunk said:
crissindahouse said:

yes, everything I hear about the employees who work for Amazon in Germany sounds like slavery to me. Sure, they get paid a little bit but still. 

Are you referring to temporary employees in fulfillment centers or other employees in tech, etc?

The requirements for a fulfillment center are drastically different for the rest of the company. Additionally, the conditions in Amazon FCs are not much different, maybe higher scale, than other large retailers. Its really just the nature of the beast to be as efficient as possible to keep up with sales and customer expectations.

As for the tech environment, that's BS. Amazon has to compete with other high-tech companies such as Facebook, Google, Apple, Microsoft, etc for the same top-talent. If work conditions where 'slavery' then no one would stay with the company. Its not like Amazon pays much more for the same positions as these other companies. Fact is, it is actually very rare an SDE has to work more than a typical work week for that region and if they do then it is because they decided it was something they enjoy or wanted. The company is very diligent at protecting an employee's work/life balance. 

All reports show that warehouse work for Amazon, in all circumstances is a low-paying, fragile job with next to no job guarantee or workers protection. Many people who're employed there come from shops Amazon destroyed with their presence, wich is ironic in a very dark way.

I avaoid buying from Amazon as much as I can and I implore everyone to do the same.



WolfpackN64 said:
superchunk said:

Are you referring to temporary employees in fulfillment centers or other employees in tech, etc?

The requirements for a fulfillment center are drastically different for the rest of the company. Additionally, the conditions in Amazon FCs are not much different, maybe higher scale, than other large retailers. Its really just the nature of the beast to be as efficient as possible to keep up with sales and customer expectations.

As for the tech environment, that's BS. Amazon has to compete with other high-tech companies such as Facebook, Google, Apple, Microsoft, etc for the same top-talent. If work conditions where 'slavery' then no one would stay with the company. Its not like Amazon pays much more for the same positions as these other companies. Fact is, it is actually very rare an SDE has to work more than a typical work week for that region and if they do then it is because they decided it was something they enjoy or wanted. The company is very diligent at protecting an employee's work/life balance. 

All reports show that warehouse work for Amazon, in all circumstances is a low-paying, fragile job with next to no job guarantee or workers protection. Many people who're employed there come from shops Amazon destroyed with their presence, wich is ironic in a very dark way.

I avaoid buying from Amazon as much as I can and I implore everyone to do the same.

Interesting to see these reports and how they compare to other FC jobs from say Walmart, etc.

I have 2 family members that work in FCs in California that have been there for over a year and love it. Yes, they are busy, but that should be expected at an FC. Don't know about you, but I have worked in a factory when I was younger and it is a busy, hard job. Though in Amazon's case, I'm positive the environment and pay is as good or better than say Walmart, Target, etc.

What shops has Amazon destroyed that were not already on their way out from competition with other brick and mortar stores? Really your "data" is not factual and just click-bait info due to Amazon's size in the marketplace. This Q4 all indicators are that all retail is up, not just Amazon. Seems like a healthy environment to me regardless of the click-bait articles related to Whole Foods purchase (which resulted in significant price savings for high quality food).

Amazon provides better customer service, lowest or generally lower prices than almost any other retailer. They also are consistently hiring hundreds (200~400) of folks a week (US only). Not to mention that their delivery volume provides a significant boost to postal companies end-to-end.

Then there are the millions (over 20MM WW) of 3rd party sellers who drive hundreds of thousands to millions of revenue to their own companies by selling their products on Amazon's site. This enables them to not only support themselves, but hire employees on their own.

Amazon is not 'slave' labor by any means. It provides excellent pay and benefits with comparative expectations for employees. Any actual analysis of the company not focused on click-bait makes that an obvious result.

Also, noteworthy is Amazon's focus on their communities. Not going to list it all here, you can use Google. Obviously they have a larger focus on Seattle area in this scenario.

https://www.glassdoor.com/Reviews/Amazon-Reviews-E6036.htm
3.7 rating with 73% would recommend and 86% approve of Bezos. This from online reviews where you will typically have more responses from those who have left or dislike the job than you do those who are happy with what they are doing.

https://www.indeed.com/cmp/Amazon.com/reviews
Also a 3.7. 

Last edited by superchunk - on 01 December 2017