Members Login
Username 
 
Password 
    Remember Me  
Post Info TOPIC: Amazon + Jeff Bezos metrics


CERTIFIED POST WHORE

Status: Offline
Posts: 16307
Date:
Amazon + Jeff Bezos metrics


No one can deny that Amazon is making some serious cash right now during the pandemic, and for the most part Amazon does not make anything - rather it re-sells or re-packages most of it's items. 

So in other words, Amazon and Jeff Bezos is more or less one gigantic middle man! It's AWS (Amazon Web Services) is pretty much a server farm that re-distributes the nations content, if not the worlds. It's Amazon business of selling items is also a re-seller of items that companies send to their fulfillment warehouses to be sold much like you buy things in a store, but with Amazon taking a share of the sale price. Obviously Amazon is getting it's greedy little fingers into many other business ventures, using it's unbelievable size and coffers full of money to more or less dominate them. This is the very essence of "anti-trust" and why Amazon and Jeff Bezos has not been clamped down on is beyond comprehension.

But this thread is not about the monopolistic business asperations of Jeff Bezos, or his failed marriage. While there is another thread in this forum about Jeff Bezos and his questionable lifestyle choices this one serves to focus on the metrics of Amazon as a business, and just how sustainable the company really is considering that it's mostly a middle-man company. I should also note at this time that I do not own any stock in Amazon, nor do I use any of their services - at least in terms of 1st party. This very thread could be coming to you VIA an Amazon Web Server somewhere down the line, but that is not a choice I can make, nor can I do anything about it once my post is sent off by my internet provider.

So all that being said, and I will contenue to update this thread from time to time - this is my first observation of the questionable metrics behind Amazon and why Jeff Bezos himself said "one day his company will be bankrupt."

I was reading this article on Yahoo, https://www.yahoo.com/news/amazon-plans-return-office-3-094351572.html and in it there is the claim that Amazon, thru all of it's tentacles and world-wide opperations that it employs 876,000 people around the globe.

876,000 people! That is almost a million people!

If we do the math, of each person working full time to the tune of $30,000 per year that would be $26,010,000,000.00 or $26 billion dollars per year in payroll liabilities. This only takes into account a very small yearly salary that in many cases could be a lot less, and in the case of executives, like Jeff Bezos himself, much-much more. So I think it's a very conservative estimate.

With that kind of liability hanging over Amazon's head, not even including it's overhead cost, such as rent, buildings, electric bills, and other liabilities it's quite clear to see that Amazon may already be in over it's head! At least in terms of being a private company that cannot run in the red like a Government can, and usually does. It has got me to wondering if people like Bezos are fully aware they are a walking bankruptsy waiting to happen, and that is why Jeff Bezos has said in the past he won't be able to maintain or shift cost in a way that it won't eventually catch up with him... enter the Government and the Anti-Trust laws to the rescue! This may very well be the thing that saves Amazon since I seriously doubt many people are going to support giving Amazon bail outs and tax breaks considering that Amazon has for the most part destroyed retail stores and is buying them up at discounted prices to set up warehouses. 

What bothers me is not the fact that Jeff Bezos is incredibly annoying, or the fact that he disavowed his own family heritage by taking on someone elses last name... What bothers me most is that this guy is cashing out large chunks of the company and buying up even more real estate all over the country. One has to wonder what the property taxes are on all his personal homes and mansions, not to mention their upkeep and utilities. 

As a small business person who does not have the luxury of running in the red like the Government, or scamming investors and playing shell games like big corporations it really pisses me off to no end!

Some might say the world needs Amazon, but I don't do any business with that company directly! NONE! I think the service sucks and I can't understand why people wouldnt rather just pick the items they need up at a local store!? The savings on Amazon arent all they are cracked up to be and often times they are just as expensive as their online competitors who don't charge an annual membership fee. A majority of their workers claim to be under-paid and working in poor conditions! WTF!?

I have never-ever been one to wish bad on anyone but in this case I long for the day of reconing to come for Amazon and Jeff Bezos.



__________________

What is to give light must endure burning -- Viktor Frankl

 

 



CERTIFIED POST WHORE

Status: Offline
Posts: 16307
Date:

Amazon does $280+ billion a year in revenue. So the $26 billion in pay isn't even a dent in it's massive yearly revenue.

I imagine it might be a long time, if not ever that we see any reconing for Amazon or Bezos at their current trajectory.

Trump puts the figure at $3-$4 the United States Postal Service is losing by delivering each of Amazons packages. 

Trump also says that Amazon often times sets up their fulfillment centers in close proximity to USPS hubs, so they can just dump truckloads of packages there and leave the USPS to figure it out.

(Skip to the 1:40 mark for exact quote pertaining to Amazon).

Amazon has in the past gotten off paying any taxes at all some years, and often times even when it purchases buildings to run it's warehouses there are conditions set up with the local government that sees them skirt property taxes along with many other perks.

Amazon is even getting into the shipping business itself, once again to cut out anyone middle-manning the middle man! 

 

 

 

 



__________________

What is to give light must endure burning -- Viktor Frankl

 

 



UNSTOPPABLE!

Status: Offline
Posts: 6491
Date:

Trump saying something doesn't make it true. USPS actually has a profit margin on Amazon shipments, even at the discounted rate. And with the decrease in regular mail, package delivery is becoming an increasingly important part of the USPS core operations.

I should mention that Speaker Pelosi was absolutely correct when she said USPS isn't a business, it's an essential service, and not one that need necessarily be revenue positive, or even revenue neutral.

__________________

 

https://djtrumplibrary.com/



CERTIFIED POST WHORE

Status: Offline
Posts: 16307
Date:

PowerStroker wrote:

Trump saying something doesn't make it true. USPS actually has a profit margin on Amazon shipments, even at the discounted rate. And with the decrease in regular mail, package delivery is becoming an increasingly important part of the USPS core operations.

I should mention that Speaker Pelosi was absolutely correct when she said USPS isn't a business, it's an essential service, and not one that need necessarily be revenue positive, or even revenue neutral.


 

Just because Trump says something doesn't make it un-true! I understand you are not Trump's biggest fan, but at the same time the USPS is not there to enrich people like Jeff Bezos either!

Recently I sold an item on eBay (think I mentioned it before) and the item just yesterday was returned to me after almost five weeks! The item was a small flat rate box with an advertised delivery time of 2-3 business days. The customer waited over two weeks before he was issued a refund while my package sat for another three weeks in NJ! Meanwhile, Amazon was getting it's packages delivered! Now what is that PowerStroker!? Do you feel the USPS exist to cater to Amazon while other Americans and small businesses just get delayed!?

The USPS damn well better be revenue positive or neutral! Because if not, people like Bezos and even other countries like China will take advantage at OUR expence! First class mail is your classic cornerstone service inside the USA and I agree it should remain affordable and it should reach every corner of the USA! Sure some locations may be cost prohibitive to run due to their remote location but other areas should be able to make up for these shortfalls without any issue! Delivering large packages has never been the USPS's bag and often times for these kinds of delivery there is UPS, FedEx and freight companies! 

Speaker Pelosi never cared when China was dumping boat-loads of mail off at the ports and having packages delivered for LESS than what you or I could send a regular letter sized envalope First Class! THAT IS WRONG! 

My whole issue in this thread is this idea that a business, or even a country - can run in the red like this! It's not fair to everyone else who has to keep the bottom line in the black! In fact it really angers me! If the USPS is not making money off other companies and has been losing billions of dollars year after year it's clear that we are all being taken advantage of and that needs to be changed! 

China was cut off from the cheap delivery costs a long time ago when Trump got in office, but now he is on to Amazon and Jeff Bezos who is literally using the USPS to put our brick and mortar stores out of business! Who is going to wait even a day and pay more for an item when they can buy it at their local store for less and have it immediatly!? When all the brick and mortar stores are gone what do you think will happen to the cost of items on Amazon? Already Amazon has bumped up it's prices and most of the time when something is being sold thru "Prime" it's usually just as expensive if not a little more expensive than what you can go buy it at the store for! Once all the brick and mortar stores are gone they will claim that internet orders cost more because it's a luxury, much like how they tax fast food.

If you are being honest with yourself you can not deny these issues. The USPS does not exist to enrich Jeff Bezos or China! The USPS is an essential service for the PEOPLE!  



__________________

What is to give light must endure burning -- Viktor Frankl

 

 



UNSTOPPABLE!

Status: Offline
Posts: 6491
Date:

So do you disagree with ALL bulk rate postage, or just Amazon's use of it?

__________________

 

https://djtrumplibrary.com/



CERTIFIED POST WHORE

Status: Offline
Posts: 16307
Date:

I guess its just beyond your comprehension. Its okay, you dont have to be ashamed or embarrassed.

So, how has your side business been going with all this COVID going on? You were doing some CNC stuff, right?

Lets say you did a run of parts at bulk rate for a customer. In doing so you lost $4 per part, however the person buying them was making a return of $20 per item above and beyond his cost. Sooner or later youll be operating at a loss while your buyer gets very rich. Then when you finally go out of business your buyer takes over your company for a fraction of the cost and makes said parts for even less while charging even more to make up for buying you out.

Don't strain your brain on this, I know its hard stuff for you to get your liberal mind around.

 

 



__________________

What is to give light must endure burning -- Viktor Frankl

 

 



UNSTOPPABLE!

Status: Offline
Posts: 6491
Date:

Yes I use a cnc lathe to make my line of specialty fittings. At regular price the markup is pretty high. But I do bulk sales every once in a while, and give people volume discounts that still leave me a profit margin. Which is exactly what USPS does with Amazon and many others. In the event one of my customers began competing with me with my own products, I then would reduce their discount on any future order to the point where they couldn't under sell-me and make a profit. But that hasn't been an issue. There have been people who outright counterfeit my stuff which has been a problem though.

__________________

 

https://djtrumplibrary.com/



UNSTOPPABLE!

Status: Offline
Posts: 5816
Date:

Patent Office PowerStroker !

__________________

"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together".    Dwight D.Eisenhower.



UNSTOPPABLE!

Status: Offline
Posts: 6491
Date:

Tried that, it was not granted.

__________________

 

https://djtrumplibrary.com/



CERTIFIED POST WHORE

Status: Offline
Posts: 16307
Date:

PowerStroker wrote:

Yes I use a cnc lathe to make my line of specialty fittings. At regular price the markup is pretty high. But I do bulk sales every once in a while, and give people volume discounts that still leave me a profit margin. Which is exactly what USPS does with Amazon and many others. In the event one of my customers began competing with me with my own products, I then would reduce their discount on any future order to the point where they couldn't under sell-me and make a profit. But that hasn't been an issue. There have been people who outright counterfeit my stuff which has been a problem though.


 

I am sorry PowerStroker but what the USPS does with Amazon is NOTHING like what you do with a bulk sale. It's cute, and I get what you're saying but you're not the USPS nor have you ever been handed an order so big at times that you had to spend more than you antisipated to keep up with your orders. This is exactly what was hapening with the USPS when it came to Amazon and China dumping massive amounts of mail on the USPS.

It would be like you setting a bulk price for something, then your buyer demaning 100,000 more units than you could ever turn over in a reasonable amount of time. Only you could not refuse because you had a bulk agreement. The USPS does not have the luxury of denying a cargo ship full of mail, or 100 semi's full of Amazon product being dumped at it's intake centers! 

You are not being realistic to scale PowerStroker. You're small potatoes! Your balance sheet has to be black at the end of the month or something has to give. The Post office can run in the red AND IT HAS BEEN RUNNING IN THE RED! The billions that the Post Office needs is the billions that let Jeff Bezos cash out stock and buy up luxury real estate all over the country! But I suppose you're okay with tax payers buying Jeff Bezos a few more luxury homes... I guess your okay with China selling counterfeit items, some of which could be your designs, for 1/3 of your cost and sending them here for 1/3 of what it cost you to send them inside the country. 

I admire your patent efforts though PowerStroker! That is quite a feat, even if it wasn't approved! You shouldn't beat yourself up about it too hard though because most of the patent violations would be coming out of places like China where you wouldnt be able to do nothing but maybe get the vendor to pull down the listings, and even then you would be spending all your time looking for them as they would pop back up as soon as the others were pulled.



__________________

What is to give light must endure burning -- Viktor Frankl

 

 



CERTIFIED POST WHORE

Status: Offline
Posts: 16307
Date:

I should also mention that this metric increased expodentially since April of this year when most people started buying things online due to the Coronavirus, quarantines and social distancing.

Don't just take my word for it,

https://finance.yahoo.com/news/walmart-and-target-huge-ecommerce-gains-are-a-blaring-siren-to-brickandmortar-retail-192709224.html

The uptick for online sales was up 200% for many online retailers! It's been so intense that even private carriers like UPS and FexEx have been feeling the pain!

The USPS can easily deliver and collect First Class Mail, even after the retirement of sorting machines and collection boxes! Anymore it's usually a package that is being sent now days rather than a letter.

You're simpily not taking into account the dynamics in play here. 



__________________

What is to give light must endure burning -- Viktor Frankl

 

 

Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.



Create your own FREE Forum
Report Abuse
Powered by ActiveBoard