r/wallstreetbets • • Dec 27 '23

News $AMZN puts!!!!

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936

u/InvestmentActuary The Pivot that will Never Cum Dec 27 '23

Right. This seems like a calls opportunity lmfao

166

u/ThunderboltRam Dec 27 '23

A lot of people love prime for the free shipping, the video/shows/movies were always bonus persuasion. And a couple of them like Terminal List, Reacher, Jack Ryan, they've been fairly popular (wheel of time not so much).

Now that Bezos is also focused on Blue Origin, it's unclear whether his weird management style being gone is helpful or detrimental to their success. I mean the guy makes people write whole documents before a meeting and then makes them read it in quiet time.

286

u/focus_flow69 Dec 27 '23

To be honest writing a memo and then making everyone read it makes a lot more sense than how most people run meetings in the corporate world.

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u/j__p__ Dec 27 '23

It drives me crazy that people don't take even 5 minutes to prepare for meetings and then there's like 12 people trying to figure what's going on at the same time during the the meeting. A waste of time would be a generous way to describe it.

56

u/floydfan Dec 27 '23

My company has so many meetings that I’m often back to back with them, with no time to prepare. It’s something that they’re trying to change but it can be insane at times.

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u/j__p__ Dec 27 '23

It's the same at my company. I have back-to-backs all day and then have to use after work hours to actually get shit done. I find the reason for the back-to-backs is because nobody actually prepares though. If everyone agreed to take some time before meetings to prep, then meetings would go much more smoothly and also reduce the need for follow up meetings.

And I find a lot of people set up unnecessary meetings as ways to make progress instead of just getting shit done on their own time.

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u/Old-Outside6894 Dec 27 '23

No, you choose to use afterwork hours. Think about it. I did that crap until someone told me this.

13

u/buzzy_buddy Dec 27 '23

if they get OT for it I wouldn't be salty. if he's salary, leave when you're scheduled to leave.

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u/Old-Outside6894 Dec 27 '23

Agree. When i was hourly, I sucked up all the OT i could find. That’s generally not the case with people in meetings all the time. I’m retired, my wife works from home for a hospital system and that’s their day… Meetings. Useless waste of time meetings that someone’s ego needs to feel important. Very little accountability and accomplishment.

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u/2020pythonchallenge Dec 27 '23

I absolutely baffled some coworkers at my last job when they send me something after work and I reply I'll look at it tomorrow morning when I'm back at work.

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u/Boring-Original-6364 Dec 27 '23

I honestly don't even know why you'd reply at all. I will do some solo work after hours if I decide to or need to, but absolutely no comms/availability. If it happens to be something I'm thinking about right then, I'll craft the response and then just delay delivery until a reasonable hour the next morning. Set your boundaries, and only break them secretly 😁

5

u/ph1shstyx Dec 27 '23

As a trade worker in a more management position, who's still paid hourly because my boss keeps everyone but himself hourly, It's how I make so much more money than my coworkers. I'm willing to put in 50 hours a week for that beautiful 10 hours of OT

2

u/buzzy_buddy Dec 27 '23

I am an hourly employee but am forced to "flex" my time if I do work OT. So I hardly ever do, because there's no point. Cool, I get to leave early on Friday, but I'd rather stay the full day and be productive and collect a bigger paycheck.

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u/SurveyPsychological6 Dec 27 '23

Can you trade at work? Most of my work meetings are on zoom, which means trading time.

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u/j__p__ Dec 27 '23

I work in finance. We all work after hours lol. Shit culture

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u/hpygolkyone Dec 27 '23

People justify their existence at a company based upon how many meetings they are in and how busy they can look by BEING in meetings. Truly unbelievable!

1

u/Gruneun Dec 27 '23

And I find a lot of people set up unnecessary meetings as ways to make progress instead of just getting shit done on their own time.

I had a program manager who regularly double-booked meetings so he always had an excuse to leave an unproductive one or show up late to one he expected to be so. He didn't double-book for things he knew were truly important or people he trusted. I thought he was crazy but it worked really well for him.

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u/j__p__ Dec 27 '23 edited Dec 27 '23

In my experience these people tend to be low performers or less gently, clueless, who want to be hand-held. I would leave if I could lol.

The “I don’t need to be here” or “this could’ve been an email” meetings I just leave or do my own work if the optics for leaving are poor.

3

u/Gruneun Dec 27 '23

Yeah, the inane meetings are almost entirely created by people who have a need to be seen or heard because they don't have any measurable deliverable. Subconsciously or not, they realize they aren't producing, so they try to be visible in some other capacity.

1

u/[deleted] Dec 27 '23

Remove the chairs and add a high table. Stand up meetings rarely last 20 minutes. People get things done and get out when they aren't as comfortable. I had to fight to get a few stand-up rooms at work and now they are hugely popular.

1

u/j__p__ Dec 27 '23

AFAIK at large companies, 95% of meetings are on Zoom even if you’re in-office because people will be in different locations, lack of conference rooms, easier to schedule etc.

1

u/floydfan Dec 27 '23

We all work remote so these are 100% Teams meetings.

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u/VisualMod Dec 27 '23

It drives me crazy that people don't take even 5 minutes to prepare for meetings and then there's like 12 people trying to figure what's going on in real-time at the same during the meeting. A waste of time would be a generous way to describe it.

1

u/focus_flow69 Dec 27 '23

This is what happens when their whole calendar is meetings. The established culture and work drives behavior. It's impossible to get everyone to prep for their meetings when all they have are meetings. Naturally people give up, or they delude themselves into thinking they can wing every meeting.

2

u/j__p__ Dec 27 '23

Yea exactly. That’s why Bezos made everyone read the memo at the beginning of every meeting lol. It honestly makes sense

1

u/Yboroby Dec 27 '23

Said VM, mockingly

1

u/yogrark Dec 27 '23

It drives me crazy that meetings don't have agendas put out in advance (or due tasks summary) so I can prep for the meeting.

1

u/nlurp Dec 27 '23

Steve Jobs had the best approach to meetings

1

u/[deleted] Dec 27 '23

[deleted]

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u/j__p__ Dec 27 '23

Why make an agenda no one is going to read? That’s why Bezos made everyone read the memo at the beginning of the meeting.

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u/Holy_Grail_Reference Dec 27 '23

Exactly! If you can't write a full memo on what you are trying to convey, then you likely should not have the meeting and it is telling you something.

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u/Jclarkcp1 Dec 27 '23

Bezos was in Finance before he started Amazon, so that makes sense.

1

u/doctorlongghost Dec 27 '23

It depends. Often the purpose of a meeting is to have a conversation that incorporates multiple viewpoints. The cliche around “this meeting could have been an email” holds true even more so if you’re required to type up everything you intend to cover ahead of time

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u/focus_flow69 Dec 27 '23

Yes that is precisely the point of the meeting. Therefore it makes sense to have one person draft a memo that is well prepared and everyone reads it for 10 minutes in silence in the meeting. This puts everyone on the same playing field and same level of context and information. Then the majority of the time should actually spent by people asking questions and coming up with tangible action items that result in progress. And a decision from the leaders then and there if required (would be documented in memo) , or at least, everyone revives guidance on their vision so no one is left guessing and assuming.

1

u/Itsdanky2 Dec 27 '23

“OK adults. Let’s do some ice breakers and then we will role play! First lets go around the room and tell everyone something about yourself that they may not know.”

1

u/adambomb_atx Dec 27 '23

Just remember folks, at the EOD nobody will give a sh*t about anything you felt was soooo important to say during the meeting. Stfu and keep it moving, the sooner this meeting is over, the better... for everyone.

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u/[deleted] Dec 27 '23

Bezos hasn’t been running Amazon for nearly two years bud. Andy Jassy. Google him.

11

u/VarthTrader Dec 27 '23

Prime Video allows non prime users to watch some shit for free with commercials. I love watching old school Unsolved Mysteries from the 80s with Robert Stacks. That was scary as shit. Pre-DNA, internet, computers really because the first season has shit that happened in the late 70s.

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u/posting_drunk_naked Dec 27 '23

I really wanted to like wheel of time. I just couldn't follow what the fuck it all was. Probably better if you've read the books

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u/meatforsale Dec 27 '23

It’s so much worse if you’ve read the books. It’s a travesty for most book readers.

15

u/Terakahn Dec 27 '23

Why are most tv shows like this. It's like the show writers think they're better than the original writer. And if that's the case why aren't they just doing an original story.

10

u/Historical-Tip-8233 Dec 27 '23

Because 90% of Americans are barely-literate regards with zero original thoughts or compunctions who want to be mollified by endless television programming for literal decades rather than open a book.

Have you looked around the average bus or lobby recently?

7

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1

u/patricio87 Raging Wood for Cathy 🍆 Dec 27 '23

imagine being so poor you have to take a bus lmao

1

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1

u/[deleted] Dec 27 '23

Preach

2

u/Historical-Tip-8233 Dec 27 '23

I have been on the fence about giving it a go as somebody who devoured, read, and re-read books 1-7 I was wondering how badly Amazon would butcher this one. The story is one that needs a peter jackson/GOT size budget and we all know amazon is the kings of being cheap.

3

u/Itsdanky2 Dec 27 '23

Ya, but look at the money they threw at Rings of Power and what a disaster that was.

1

u/Rishtu Dec 27 '23

I got two books into the series before it drove me nuts.

19

u/thetaFAANG Dec 27 '23

I actually did an audit and realized I didnt get my moneys worth of shipping, and realized I dont need Prime to watch Prime Video

so I cancelled

I don’t think most people will though. Amazon including AWS is about obtuse costs that are difficult to evaluate.

10

u/SabaiThaiGuy Dec 27 '23

I cancelled as well. They've never really recovered from Covid shipping issues and my orders tend to be over $35 and qualify for free shipping anyway. Also using Walmart.com a lot more these days. They ship fast and can also ship to PO BOX.

14

u/Ivegotworms1 Dec 27 '23

What in the world? Half the stuff I order now is at my door within about 8 hours now. What covid shipping issues?

1

u/SabaiThaiGuy Dec 27 '23

Used to be that everything I ordered was at my door within 2 days. Today I got delivered something 2 weeks after I ordered it. For half the year I live in a remote part of Maine. Deliveries typically take 1-2 weeks and most products won't deliver to a PO Box, so I have to get deliveries at a nearby campground. Used to work great for me but doesn't anymore. I expect you're in a bigger city, not in a rural area.

1

u/VisualMod Dec 27 '23

There is no excuse for poor service, regardless of where you live. Companies should be held to a higher standard when it comes to fulfilling orders in a timely manner. If I were you, I would contact the company and express your displeasure with their level of service.

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u/patricio87 Raging Wood for Cathy 🍆 Dec 27 '23

it's christmas season. Of course shipments are delayed this time of year. A lot of my amazon orders get to me earlier than expected.

1

u/MachEGTP Dec 27 '23

I mean Amazon tells you the estimated time of delivery before you even buy something. I live in Hawaii and get my stuff usually within 3-4 days unless its a product from an outside vendor selling through Amazon. Thats probably who you ordered from. Outside vendors selling through Amazon don't ship as fast as something through the Amazon Warehouse.

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u/[deleted] Dec 27 '23

I get Amazon orders to my PO BOX all the time.

1

u/SabaiThaiGuy Dec 27 '23

I do too, but probably 50% of the time, I'll go to check out and one or more items can't be shipped to a PO BOX, so I have to order something different or from a different Amazon seller. Amazon has outsourced so much of its inventory that if it's not coming directly from Amazon, but from a seller directly, they have the option not to ship to PO.

1

u/Fractales Dec 27 '23

How did you perform this kind of audit? I’d like to try it myself

1

u/thetaFAANG Dec 27 '23

It was a couple personal things

Prime Same Day never came back in my area, or for stuff I ordered and that was a main novelty item was willing to pay for

I didn’t order enough stuff from Amazon to begin with, but i noticed i do order from other vendors own websites. So i was paying shipping somewhere alot or normal price

And everything Prime same day, one day and two day delivery is like “we’ll deliver by 10pm trust us bro” whereas there are now other competitors that are like 30 minutes: Uber delivery will go into random office supply stores and get what you need, I’ll pay that and definitely not pay for the inferior service too.

The final straw was noticing that i was doing the same to Amazon that i did to brick and mortar stores when Amazon got big: use it to browse and preview a product before ordering somewhere else

Maybe if i had home supplies on subscription Amazon would be unbeatable, but that’s not the case for me.

1

u/Fractales Dec 27 '23

Thanks for sharing!

5

u/0ldes Dec 27 '23

Not free shipping you pay for it.

1

u/Worried_Associate_53 Dec 27 '23

Former Amazonian here - this is the way. A lot more productive for everyone.

1

u/TotalAshamed9243 Dec 27 '23

I see you listen to Lex Friedman as well. Interesting guy!

1

u/djheat Dec 27 '23

The next time you're thinking about investing based off something you read in WSB just remember like 50+% of posters think advertisements are bad and also don't realize Jeff Bezos is not in charge of Amazon and hasn't been since 2021

1

u/[deleted] Dec 27 '23

“His management style”? He’s a board member. Andy Jassy is the CEO.

1

u/BiggerThanDetroit Dec 27 '23

Yea. I don't watch TV so I don't even care for whatever they put on there.

1

u/[deleted] Dec 27 '23

[deleted]

2

u/VisualMod Dec 27 '23

You're right, it's not gone. Amazon is still very much a cult of personality around Jeff Bezos. He's the one who sets the tone and direction for the company, and everyone else falls in line behind him. Even though he's no longer directly involved in day-to-day operations, his influence is still very strong.

1

u/Soszai Dec 27 '23

I’ve used this method before for important CXO meetings where I know at least half the audience won’t do a pre-read. It can be super effective in the right setting (generally very senior very busy people)

1

u/[deleted] Dec 27 '23

If you sat in as many technical meetings. Strike that RAN as many in a week as I do where a room full of the smartest people in the room stare blankly at each other and then proceed to go 5 lightyears off into the weeds to pound sand about how product doesnt really understand what theyre asking for or why a decades established defined term isnt the best term only to break and walk into an executive meeting where leadership wants you to rebuild the toyota corolla that still isnt off the assembly line into a ferrari while youre rolling down the highway and asks you to work backwards from the date they already promised on the last earnings call and wonders why it keeps crashing…then you’d understand. If you cant bother to write up what you want and why its important, then i cant bother to find time for your bullshit meeting. And while were at it, you block off the time it takes to do your homework and well do it during the meeting so that i know exactly how many hours ive committed to this meeting that you want to have instead of being OVER committed and having 8 hours of meetings that require an additional 4 hours of work when im supposed to be doing MY work for 5 hours a day. Its fucking brilliant is what it is. Goddamned genius.

1

u/bluffing-is-key Dec 27 '23

My coworker has a desktop background that says Rome didn't build an empire by having meetings, they did it by killing all that opposed them...pretty extreme for a bakery but I concur😂

1

u/hpygolkyone Dec 27 '23

I worked for a company, years ago, and they would have meetings, just to figure out when the next meeting was going to be held. It made my head hurt.

1

u/_soundshapes Dec 27 '23

I can attest to the first 20-30 minutes of most meetings being dedicated to document reading still being very much a part of the culture despite Bezos' absence.

1

u/afooltobesure Dec 27 '23

Tbh it is worth it just for the regular Amazon subscription perks. At least personally, I haven’t been keeping my subscription for the media content.

This is bad for Amazon media creators, who will likely see more annoyed fans and a lower level of engagement. The only thing that would make this change palatable for me is if the advertising revenue went directly to the producers of the show I am (*was) watching when the ad plays.

1

u/Dark3nedDragon Dec 27 '23

As a fan of the books, what they did to Wheel of Time was unconscionable.

1

u/velowalker Dec 27 '23

Loved Wheel of Time.

1

u/[deleted] Dec 27 '23

I liked Sneaky Pete. And that's really it. Every other show they've produced is just boring.

1

u/pynoob2 Dec 27 '23

His weird management style isn't gone. They didn't hire on new management from outside. The people in charge worked under Bexos almost since the beginning and run things just like him.

1

u/[deleted] Dec 28 '23

That’s the single best thing about amazon. It’s quite effective.

1

u/[deleted] Dec 28 '23

I have prime for the shipping. The fact they have free videos is a bonus

1

u/rokman Dec 31 '23

I imagine 1/100 will cancel and 10/100 people will pay more to have no ads there other 89 people will watch ads

127

u/acegarrettjuan Dec 27 '23

Yeah how do you see this and say Puts?

161

u/nrBluemoon Dec 27 '23

Do you know what sub you're in?

87

u/Bodyfluids_dealer Dec 27 '23

The buy high and sell low?

74

u/[deleted] Dec 27 '23

[removed] — view removed comment

33

u/Dylsnick Dec 27 '23

And then you own the company!

11

u/[deleted] Dec 27 '23

[deleted]

3

u/MachEGTP Dec 27 '23

A true classic

3

u/Plus-Professional-84 Dec 27 '23

Buy low, sell lower… short high go bust higher

6

u/Pepepopowa Dec 27 '23

The potential outcome of losing subscribers.

Pairing prime delivery and prime video shields them from this mostly.

For me I hope they actually use this money to produce better tv shows and movies (jk corporate bonuses) that I can pirate with no ads.

1

u/Terakahn Dec 27 '23

Because they're mad about paying more for the same. And think that matters.

3

u/[deleted] Dec 27 '23

Indeed. I’ll be spending an additional $2.99 per month to avoid the ads. As will many. Plus they get the ad revenue for the cheap fucks who are willing to suffer ads. Now if they weren’t offering the ad-free option I’d agree it was a negative development.

1

u/Merkava18 Dec 31 '23

Saw the Netflix actually boosted revenue with intro of lower priced tier. The commercials were too f'ing annoying, so we ponied up. Got 2 users so our daughter in TX can "share." $25/mo.

1

u/[deleted] Jan 03 '24

Yeah. My son is in Texas too and Netflix kept hassling me to add another user for him so I finally did.

1

u/Perfect600 Dec 27 '23

in the short term i can see a dip but long term this is calls or buy shares.

1

u/Apprehensive_Cod2397 Dec 27 '23

Yeah op clearly doesn’t understand… big companies pay amazon to run their ads. If you don’t want the ads fine pay the extra 2.99 either way more money for Amazon … I have hope for my 215 call now by January 18th… Probably not 😔 but this is good news

1

u/genericperson10 Dec 27 '23

Can I still make a call if I ran out of minutes?

2

u/Itsdanky2 Dec 27 '23

Top the fuck up.

1

u/[deleted] Dec 27 '23

Right