. One thing with Amazon that shouldn't be overlooked is their success in cloud computing. They are the leader it is growing at a great pace and it is extremely profitable. This is also the case with Microsoft and to a lesser extent with Google.All data and code should be open source and transparent imo
Elon Musk doesn't patent any of his tech and he's doing just fine. He bought 9% of Twitter because they were controlling too much and also not even controlling the bots and spam. Same problem with "Meta" A few companies should not have so much control
Web3 and blockchain is an attack on the FAANG oligarchy that controls and profits off the vast majority of our data. The reason it can grow so fast is because of the hive mind collaboration of open source data and code
I decided to stick with my passive asset allocation, instead of speculating on individuals shares.I'm seriously thinking of taking a short position in AMZN here, around $3280
I think it's been overvalued for years, but that's also symptomatic of the past bull market cycle where everyone was gaga about tech, and willing to pay crazy multiples for it.Down 12% this morning. I have always thought the stock was overpriced but like the business model.
PE of somewhere around 45, for a company thats still growing pretty well is a bit rich, but even if it slows I'm happy with the long term prospects.I think it's been overvalued for years, but that's also symptomatic of the past bull market cycle where everyone was gaga about tech, and willing to pay crazy multiples for it.
If we're shifting to an environment of tightening liquidity and NON extreme multiples for tech, AMZN and many tech stocks are going to fall considerably.
It's really all about the P/E multiples. They have been extremely high in tech for many years now and AMZN has been kind of a poster child for that.
Walmart really stepped up their online shopping in the US during the pandemicPeople that regularly use Amazon are very loyal to it. They might have to increase their prices and fees a bit. I don't think that will hurt them.
Depends were you live. I am close to Calgary and I usually get my deliveries next day. I haven't had the positive experience you have had with Walmart. I don't like driving to their stores for my pickups. Anyways their financials don't show any decline in their sales. Perhaps some slowing growth. Their cloud business is a juggernaut . If gas prices keep going up I can see people preferring Amazon then driving to stores.Walmart really stepped up their online shopping in the US during the pandemic
Now that amazon increased the price for prime I started using Walmart and they ship faster (typically from the local Walmart) Also easy enough to drive the 30 mins for a return etc
amazon went the opposite direction. A lot of good stuff I used to buy kept going out of stock, price increases etc
I think walmart Grocery delivery is simply doordash or some other service.Yea I meant Walmart US. Completely different.
They deliver faster than amazon here and amazon is faster here than most of Canada. Maybe major cities in Canada are different
Pre-pandemic amazon had same day amazon fresh delivery from say Whole Foods