Nipate

Forum => Kenya Discussion => Topic started by: KenyanPlato on December 20, 2020, 10:25:08 PM

Title: Amazon is a garbage company. I do not see them surviving this decade
Post by: KenyanPlato on December 20, 2020, 10:25:08 PM

https://ir.aboutamazon.com/news-release/news-release-details/2020/Amazon.com-Announces-Third-Quarter-Results/default.aspx

Who wants to invest their money on a plattform that even with a monopoly makes 5.2% margin. fuck that

https://www.macrotrends.net/stocks/charts/AMZN/amazon/operating-margin

Title: Re: Amazon is a garbage company. I do not see them surviving this decade
Post by: KenyanPlato on December 21, 2020, 12:51:22 AM

Net sales for Walmart U.S. came in at $331.67 billion, up 4.1% from $318.48 billion in fiscal 2018. Walmart U.S. e-commerce sales grew 40% during fiscal 2019. Seattle-based Amazon posted overall net sales of $232.89 billion for its 2018 fiscal year ended Dec. 31, marking a 31% gain from $177.87 billion in fiscal 2017.Oct 24, 2019

Amazon profit margin is about 20% vs 5.2 for Amazon