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(Forbes)   If you took home $250,000 a year it would take 11,200 years to make enough to lose what Jeff Bezos lost today   (forbes.com) divider line 96
    More: Interesting, CEO Jeff Bezos, Amazon Web Services, Home Box Office, Inc.  
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17897 clicks; posted to Main » on 26 Apr 2014 at 3:56 AM (12 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



96 Comments   (+0 »)
   
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2014-04-26 01:16:39 AM
Psh. I make $2.8 billion every second.
 
2014-04-26 01:36:28 AM
On paper, sure.  I'm also pretty sure he doesn't care.
 
2014-04-26 02:20:27 AM

downstairs: On paper, sure.  I'm also pretty sure he doesn't care.


Yup. Amazon is still huge, and will remain so for the foreseeable future.
 
2014-04-26 02:41:30 AM

BadReligion: downstairs: On paper, sure.  I'm also pretty sure he doesn't care.

Yup. Amazon is still huge, and will remain so for the foreseeable future.


Yep... if you asked any sane individual if they wanted $50 billion or $60 billion, they'd most likely say... I don't care, either works for me.  And he's probably got 10 lifetimes of money stockpiled away that he could care less if Amazon goes into the ground.
 
2014-04-26 03:02:37 AM
The takeaway from TFA is that this is a good time to buy Amazon stock.
 
2014-04-26 03:58:41 AM
Hardest workin' man in show business.
 
2014-04-26 04:04:52 AM
That's what he gets for having a stupid last name.
 
2014-04-26 04:07:26 AM
He didn't lose anything, he still has the same number of shares of amazon.com as he did last week.  He's not going to be selling any time soon, so none of this affects him personally.
 
2014-04-26 04:09:11 AM
I doubt he or his family will go hungry.

That role is already filled quite nicely by his employees.
 
2014-04-26 04:09:40 AM
In other news, there are people in this world with enough money to feed, shelter and clothe a 10 families of four for 11,200 years.  And we get concerned when they lose some of it.
 
2014-04-26 04:17:17 AM
Amazon is almost a break even or negative cash flow company. Why anyone would have any trust in that company's stock, even over the next 24 hours, baffles me. I don't like investing in negative EPS stocks, and I am always surprised when stocks perform so well when companies that are not in research and development drive their profits down each year.
 
2014-04-26 04:18:45 AM

doyner: The takeaway from TFA is that this is a good time to buy Amazon stock.


The P/E ratio has dipped below 600!
 
2014-04-26 04:32:58 AM
It couldn't happen to a nicer douchebag.

Also, you'd think FORBES of all publications, would understand what owning stock options actually means in terms of personal net worth.
 
2014-04-26 04:43:23 AM
Again, I am reminded that I am the exact age (born the same day and year) as Jeff Bezos, and it reminds me that I could have worked a tad harder in my life.
 
2014-04-26 04:45:50 AM

Monkeyfark Ridiculous: doyner: The takeaway from TFA is that this is a good time to buy Amazon stock.

The P/E ratio has dipped below 600!


I remember a time when a P/E over 30 was considered a bad investment.  Just a few years ago Steve Jobs said that Apple would never pay dividends.  Logically, that should make their stock absolutely worthless.  Yet people continued to snap up shares.  The stock market no longer makes sense to me.
 
2014-04-26 04:46:48 AM
Amazon
Amazoff
 
2014-04-26 04:50:30 AM
www.vidostream.com

I can't believe I buy stuff from this man. I feel a little dirty, like he personally molests my things before Amazon sends thems.
 
2014-04-26 04:52:54 AM

GungFu: [www.vidostream.com image 650x366]

I can't believe I buy stuff from this man. I feel a little dirty, like he personally molests my things before Amazon sends thems.


Mr Clean's brother
 
2014-04-26 05:00:06 AM

Avenger: Amazon is almost a break even or negative cash flow company. Why anyone would have any trust in that company's stock, even over the next 24 hours, baffles me. I don't like investing in negative EPS stocks, and I am always surprised when stocks perform so well when companies that are not in research and development drive their profits down each year.


Fine, but I don't want to see any complaints in this thread about stereotypical American corporations that don't look past the next quarter's earnings reports.  If you want to know why everybody but Amazon behaves that way, just read the comments.
 
2014-04-26 05:00:49 AM

OgreMagi: Monkeyfark Ridiculous: doyner: The takeaway from TFA is that this is a good time to buy Amazon stock.

The P/E ratio has dipped below 600!

I remember a time when a P/E over 30 was considered a bad investment.  Just a few years ago Steve Jobs said that Apple would never pay dividends.  Logically, that should make their stock absolutely worthless.  Yet people continued to snap up shares.  The stock market no longer makes sense to me.


Wait, what?  That makes no sense.  Lot's of companies don't pay dividends.  Theoretically the cash that would be paid out in dividends is factored into the share price either way.  In practice, well, eh, sometimes.

Say a company makes 1 Million dollars in profit.  Now they could pay that out in dividends. Or they could hold on to it. If they hold on to it the share price (in theory) should go up to proportionally represent the 1 million extra dollars the company now has.  If they pay it in dividends the shareholders get it directly.

Either way it doesn't make the shares "worthless".
 
2014-04-26 05:02:53 AM

OgreMagi: Monkeyfark Ridiculous: doyner: The takeaway from TFA is that this is a good time to buy Amazon stock.

The P/E ratio has dipped below 600!

I remember a time when a P/E over 30 was considered a bad investment.  Just a few years ago Steve Jobs said that Apple would never pay dividends.  Logically, that should make their stock absolutely worthless.  Yet people continued to snap up shares.  The stock market no longer makes sense to me.


Speculators took over the market ages ago. Well, I guess they've always come and gone, but they've been permanent since the 80's now, thanks to hedge funds demanding constant share price rises and their derivatives of derivatives. Then you have the commodities markets, which are all pure naked speculation that wildly distorts actual product markets.

Long-term investors all pretty much get screwed.

/Bitcoin was always the logical conclusion.
//OK, Dogecoin wins.
 
2014-04-26 05:02:56 AM
i.huffpost.comcdn.mhpbooks.comafflictor.comi.kinja-img.comwww.tfw2005.com
 
2014-04-26 05:12:29 AM
Christ, what an asshole.
 
2014-04-26 05:33:19 AM
I make 5.69 Trillion every nanosecond.
 
2014-04-26 05:45:05 AM

pippi longstocking: I make 5.69 Trillion every nanosecond.


Can you lend me a few mil til wed.?
 
2014-04-26 06:29:46 AM
Can you offer me that much money to "Brewster's millions" with?
 
2014-04-26 06:36:15 AM

bunner: In other news, there are people in this world with enough money to feed, shelter and clothe a 10 families of four for 11,200 years.  And we get concerned when they lose some of it.


He just worked harder, maaaan. Stop being so lazy, maaan
 
2014-04-26 06:37:11 AM
Pfft, I make that in a thousand years.

Wait, what?
 
2014-04-26 06:46:53 AM
So retail is cutthroat business eh? Who would've thought?
 
2014-04-26 06:52:49 AM
If you think these people are in it for the paycheck, you don't know these people.
 
2014-04-26 06:53:08 AM

Coming on a Bicycle: So retail is cutthroat business eh? Who would've thought?


So we have an entire populace that has been served up a bunch of "IT'S A JUNGLE!  GOTTA GRAB WHAT YA CAN!  EAT OR BE EATEN!" Kool Aid, still staining their double chins, and thinking somebody wins.  Despite the technology extant and in use to remediate poverty and illness on a grand scale.  Too bad there's no money in it.
 
2014-04-26 07:02:49 AM

doglover: GungFu: [www.vidostream.com image 650x366]

I can't believe I buy stuff from this man. I feel a little dirty, like he personally molests my things before Amazon sends thems.

Mr Clean's brother


More Lex Luthor than Mr Clean...
 
2014-04-26 07:03:29 AM
Wall Street is pretty stupid, isn't it?
 
2014-04-26 07:14:04 AM
Stock market players all seem the same...they want their stock to make money NOW, DAMMIT not a few years time.

If and they don't, they whine like impatient spoiled little babies, take their ball and go home,

Who cares if people lose their jobs?
 
2014-04-26 07:15:27 AM

BarryTheMasterOfSandwich: Wall Street is pretty stupid, isn't it?


It's a bookie joint that bets on stuff that doesn't happen with money that mostly doesn't exist.
 
2014-04-26 07:17:39 AM
And how many years would it take me to make enough to have what Jeff Bezos still has today?
 
2014-04-26 07:24:55 AM
It does look like Amazon has a hard time competing in an even playing field.
 
Skr
2014-04-26 07:32:01 AM
One of the other reasons Amazon took a big hit early this year was the Amazon Prime debacle over Christmas. With their 2 day shipping, they increased the UPS package work load by 25% over the previous peak season (UPS gets a huge uptick in package volume during the Black Friday through Christmas "peak" time). Toss in a few bad storms, multiple train delays , and short staffing ... then what you get is both companies losing a big chunk of money as packages arrive late.

Know three people who had their 2day packages arrive in 5+days, with phone calls they got a mixture of free months of prime and/or partial reimbursement of purchase price. Amazon looking into delivering their own packages and UPS suing the Rail company are just a few of the fall outs.
 
2014-04-26 07:34:37 AM

bunner: BarryTheMasterOfSandwich: Wall Street is pretty stupid, isn't it?

It's a bookie joint that bets on stuff that doesn't happen with money that mostly doesn't exist.


Pretty much, except the money does exist and hedge funds and shorting stocks have gotten completely out of control.
 
2014-04-26 07:44:41 AM

Cymbal: bunner: BarryTheMasterOfSandwich: Wall Street is pretty stupid, isn't it?

It's a bookie joint that bets on stuff that doesn't happen with money that mostly doesn't exist.

Pretty much, except the money does exist and hedge funds and shorting stocks have gotten completely out of control.


There is nothing behind this but seventeen trillion dollars of unserviceable debt and your great, great grandkids sweat equity.

static.guim.co.uk

Period.
 
2014-04-26 08:27:10 AM

bunner: Cymbal: bunner: BarryTheMasterOfSandwich: Wall Street is pretty stupid, isn't it?

It's a bookie joint that bets on stuff that doesn't happen with money that mostly doesn't exist.

Pretty much, except the money does exist and hedge funds and shorting stocks have gotten completely out of control.

There is nothing behind this but seventeen trillion dollars of unserviceable debt and your great, great grandkids sweat equity.

[static.guim.co.uk image 460x276]

Period.


You Americans and your problems.
 
2014-04-26 08:28:23 AM

Skr: One of the other reasons Amazon took a big hit early this year was the Amazon Prime debacle over Christmas. With their 2 day shipping, they increased the UPS package work load by 25% over the previous peak season (UPS gets a huge uptick in package volume during the Black Friday through Christmas "peak" time). Toss in a few bad storms, multiple train delays , and short staffing ... then what you get is both companies losing a big chunk of money as packages arrive late.

Know three people who had their 2day packages arrive in 5+days, with phone calls they got a mixture of free months of prime and/or partial reimbursement of purchase price. Amazon looking into delivering their own packages and UPS suing the Rail company are just a few of the fall outs.


Amazon is gonna have to spend a farking fortune if they want to make a trucking comany with the sort of capacity they are currently procuring from UPS, Fed-Ex, and numerous smaller LTL carriers they use in different regions. Like as in they would probably have more capital into thier own truck line that size than they have in Amazon at all right now. Not saying it cant be done but thats a lot of trucks, a lot of dock and ware house facilities, a lot of warehouse personel, and a lot of drivers.
 
2014-04-26 08:29:38 AM

ghare: bunner: Cymbal: bunner: BarryTheMasterOfSandwich: Wall Street is pretty stupid, isn't it?

It's a bookie joint that bets on stuff that doesn't happen with money that mostly doesn't exist.

Pretty much, except the money does exist and hedge funds and shorting stocks have gotten completely out of control.

There is nothing behind this but seventeen trillion dollars of unserviceable debt and your great, great grandkids sweat equity.

[static.guim.co.uk image 460x276]

Period.

You Americans and your problems.


Don't woryy, the rest of the western world is out sucking banker dick behind the dumpster, too.
 
2014-04-26 08:32:51 AM

Gyrfalcon: It couldn't happen to a nicer douchebag.


Now that Steve Jobs is worm food, yes.
 
2014-04-26 08:37:01 AM
Hey, Gen Y.

About your new jack, 1337, cyber heroes.

Areosmith may look look like sh*t these days, but they made a lot of brilliant records.

What they didn't do is make a metric ton of money either moving ones and zeros around, swiping other people's sh*tty code or flogging shiny object made by slave labor, festooned with suicide nets, on the other side of the world.  Your newly minted elite are lagely douche canoes.  Ha ha.
 
2014-04-26 08:37:47 AM

bunner: ghare: bunner: Cymbal: bunner: BarryTheMasterOfSandwich: Wall Street is pretty stupid, isn't it?

It's a bookie joint that bets on stuff that doesn't happen with money that mostly doesn't exist.

Pretty much, except the money does exist and hedge funds and shorting stocks have gotten completely out of control.

There is nothing behind this but seventeen trillion dollars of unserviceable debt and your great, great grandkids sweat equity.

[static.guim.co.uk image 460x276]

Period.

You Americans and your problems.

Don't woryy, the rest of the western world is out sucking banker dick behind the dumpster, too.


The stupid people will have that problem, true. But, they wanted trickle-down, and no regulation, and corporations are people too, my friend.

So, they got it.

And anyway, your Cato-derived "$17 trillion of unserviceable debt" is factually inaccurate.
 
2014-04-26 08:40:17 AM

ghare: they wanted trickle-down, and no regulation, and corporations are people too


Do go on how the public howled for this and it wasn't foisted off on them by a pack of pirates and a failed B actor sock puppet.

ghare: And anyway, your Cato-derived "$17 trillion of unserviceable debt" is factually inaccurate.


Feel free to take a couple trillion off.  I think I got that uder the sofa cushion.  Some things pedsntry just doesn't factually mitigate.
 
2014-04-26 08:55:53 AM
Mind. Blown.
 
2014-04-26 09:00:24 AM

2chris2: He didn't lose anything, he still has the same number of shares of amazon.com as he did last week.  He's not going to be selling any time soon, so none of this affects him personally.


This, it's a likely temporary shift of perceived value, not actually lost currency.  People are stupid.
 
2014-04-26 09:01:34 AM
Meh your standard. "They are spending money instead of putting it in a giant hole and paying dividends" rant. Of course stock prices are going to go down. They are taking risks.
 
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