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1. dijit+(OP)[view] [source] 2024-09-16 13:42:44
I mean, are we so unwise as to think those things are mutually exclusive?

I can think of a dozen quotes related to the decline of a thing being "impossible", and then sudden.

Enron for example had it's best year, right before it suddenly stopped existing.

"The candle that burns twice as bright, burns half as long", and "The night is darkest before the dawn" both relate to things appearing one way because the end is more likely.

Amazon is mostly inertia, they are user hostile to a fault, which is a far removal from what made them huge in the first place. Normally when there has been such a reversal in a companies principles: it's the beginning of the end.

I'm not desperate for it, I couldn't care less. But what we will witness now is the power of capital to beget capital, don't be fooled into thinking Amazon is innovative.

Don't anthropomorphise the lawnmower.

replies(2): >>geodel+k6 >>BadHum+Lb
2. geodel+k6[view] [source] 2024-09-16 14:21:37
>>dijit+(OP)
Good points. I mean this is how we get old or get bankrupt. First slowly and then suddenly.

One point that is not mentioned is that Amazon is making boatload of money by advertising. Their ad revenue is 50 billion dollars and rapidly rising. This make them look invincible and total shit at the same time.

3. BadHum+Lb[view] [source] 2024-09-16 14:53:47
>>dijit+(OP)
Nothing in my comment suggest that Amazon dying is "impossible," but don't try to will into existence this idea that Amazon is a wind gust away from it all tumbling down. People are trying to say Amazon is dying and their business is in the mud but the financials don't support that idea.
replies(1): >>dijit+tE
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4. dijit+tE[view] [source] [discussion] 2024-09-16 17:40:50
>>BadHum+Lb
and nothing I wrote suggests that financials and health of the business are linked.

There are countless examples of companies that seem to have a lot of money then die suddenly.

There are plenty of zombie companies (IBM) too, hard to know what this will be, but I wouldn't take financials as an indicator of anything really.

replies(1): >>BadHum+0y1
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5. BadHum+0y1[view] [source] [discussion] 2024-09-16 22:44:43
>>dijit+tE
> and nothing I wrote suggests that financials and health of the business are linked.

For profit businesses exist to make money. That is all. Any other claim is fairy dust and bullshit. IBM may not be making waves anywhere but they are still pulling at least 10 billion in profit so they are doing a hell of a lot better than most other companies.

replies(1): >>dijit+XS3
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6. dijit+XS3[view] [source] [discussion] 2024-09-17 18:20:51
>>BadHum+0y1
The US system has got you good.

The intended purpose of a corporation is to do something. Profit shouldn't be a goal in of itself, it's a consequence of successfully doing something.

Revenue is good, as it employs people and keeps society churning, but this slavish devotion to the idea that companies only exist to make profits is alien; it's the personification of greed.

Many companies exist because the founder had a passion for actually doing something, and they can make money doing it. If they chased only profit, their life would be miserable.

replies(1): >>BadHum+oZ3
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7. BadHum+oZ3[view] [source] [discussion] 2024-09-17 18:58:03
>>dijit+XS3
You are making a lot of mental leaps to things I didn't say. You only stay in business if money in so I hope the something you are doing brings in enough to stay in business or else you won't be doing anything

> If they chased only profit, their life would be miserable.

Get some hobbies and don't make work your life.

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