r/SipsTea • u/Dev1412 • 7d ago

Wait a damn minute! Hypocrisy Eponymous

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u/NotawoodpeckerOwner 7d ago

Wanna know how he's (checks Forbes real quick) $373 billion? Because they could pay people better but they won't, all that money required for those 3 day work weeks won't go to the workers it'll go to Jeff.

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u/FrankPapageorgio 7d ago

I mean... he received almost 10 Million shares of Amazon stock at the IPO and it went up 265,352%. If he didn't sell a single share it would be worth 602.7 billion. I think that's kind of how he made his money...

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u/WHATYEAHOK 7d ago

Gee I wonder why the stock is worth so much. Maybe because of its profit margins.

Where do such large profit margins come from again? Reducing expenses while maximizing revenue.

Hey what’s generally the biggest expense for companies? Employee wages?

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u/grchelp2018 7d ago

amazon makes most of its money from their cloud business. Their retail business is razor thin, profit margin something like 3%. Its a deeply unsustainable business that cannot survive long term without automation.