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| Sales Are Colossal, Shares Are Soaring. All Amazon Is Missing Is a Profit (nytimes.com) | ||
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| One user recommended this thread. What they said: |
| nrao123 Apr 26, 2014 | on: Amazon, in Threat to UPS, Tries Its Own Deliveries | context |
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Mike Moritz saw this coming:
http://www.linkedin.com/today/post/article/20130805231302-25...
In Los Angeles customers who pay $220 up front for Amazon Fresh, the company’s home delivery grocery service, get ‘free’ shipping on orders above $35. It might be ‘free’ but Amazon has their cash. Customers and vendors have helped Amazon build its 90 fulfillment centers, which now enclose about 65 million square feet. That should be enough to make the managements of FedEx and UPS tremble.
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So did Simon Sarris:
https://news.ycombinator.com/item?id=6591112
It's important to note that if any other company spent until their EPS was negative, investors would flip. Amazon is playing with razor thin margins while trying to scale up a platform to end all platforms that we might someday use for everything without thinking about it. If successful, on that day/year/eon dollar bills might as well be printed with Jeff Bezos' face on them. Amazon won't be using UPS and Fedex trucks on that day. They'll be using Amazon trucks. You'll know that era when you see it, I think.