Remembering TCPaul, 2016-2019

How does modern new tech giants work (Amazon)

Some discussion on why the hate on Amazon. This is the shor imoothereforeim01/10/19
AMZN provides Logistical services and a website and is the s theimmigrant01/10/19
nah immigrant, they r a tech firm in sense that they automat whiteguyinchina01/10/19
imoothereforeim (Jan 10, 2019 - 7:36 pm)

Some discussion on why the hate on Amazon. This is the short version.

How does a new tech giant work these days:

1. Latch on to a fancy, hot term-of-the-week. (In case of AMZN, it's e-commerce. In case of Uber, it's shared economy).

2. Sell the harebrained idea to Wall ST based on the term-of-the-week.

3. Destroy many well-run, real, and viable business with the harebrained idea with the Wall St. money.

4. Try to latch on to real technology.

5. Profit.



** On Step 2 - these ideas are not good business plans!! Selling stuff at a loss is not a good business plan, and most people know this. However, the trick is to be able to sell obvious bad ideas. Think Chris Columbus.

** Step 3 is the one I object to and hate the most. AMZN destroys physical stores. Uber destroys cab drivers.

** Step 4 is where AMZN was successful. It was the first to go into cloud big time. But before that, it had many fails. Nearly all these new tech companies fail here. Uber is trying to pretend to be a self-driving car player. But it's dumb.

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theimmigrant (Jan 10, 2019 - 7:45 pm)

AMZN provides Logistical services and a website and is the same exact thing irl as ordering from Walmart.com. They helped move the needle in e-commerce though imo, but aside from the Cloud Services division that somehow exists (as you note, this is a rare achievement), I don't see it, or Uber, as a "Tech" company. It's just how they market themselves for some reason, because they are founded by Engineers plus SV Groupthink plus "Reasons." Uber is an app. Facebook is a website with ads on it.

Like, GOOGL is a Tech Firm, and so is and Sony, and Microsoft. They develop Technology. They Engineer things. AirBnB is a fake tech company that employs Engineers for no reason. There's a difference imo.

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whiteguyinchina (Jan 10, 2019 - 10:17 pm)

nah immigrant, they r a tech firm in sense that they automate people jobs and are the interface bewteen humans and tech. like applied tech.

so robots in warehouses and drones instead of delivery bros are because amazon has the scale to make it profitable or at least has the losses subsidized.

or enough data to make the algorithms work

they basically sell at a loss to get the data, the data being the real value

that data is what will give them the monopoly

when the monopoly happens, then no reason to run amazon at no profit

btw where did amazon build Hq? in VA and NYC. it is getting tight w govt / NSA and wall st

so big govt meets big bank meets big tech

but big tech has consumer market on lockdown

what can go wrong

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