Saturday, December 26, 2020

Amazon

Updates

March 20, 2022: Amazon cancels plans for fulfillment center in Churchill, PA. Community opposed for fulfillment center. 

March 17, 2022: Amazon completes $6 billion acquisition of MGM. 

February 2, 2021: Bezos steps down as CEO; new CEO is/was the head of AWS. 

February 2, 2021: UPS profits surge on back of Amazon deliveries.

January 22, 2022: Netflix collapses. Simply too much competition and now critics are saying Netflix paid too much for "content."

January 5, 2021: up, up, and away -- Amazon Air; link here;

January 4, 2021: Amazon buys eleven "new" aircraft. Timing was impeccable. Airlines have excess aging a/c due to Covid-19-reducing flying and now, the Boeing 737 Max is back on line and airlines can't dump their aging a/c fast enough. In addition, they need the cash. What a great country. Free market capitalism. 

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Brick And Mortar, Literally, Brick And Mortar

Fulfillment centers and delivery stations:

Cloud computing services:

Acquisitions

Wondery. A killer podcast startup. December 31, 2020.

Miscellaneous

Fee changes:

  • delayed until June 1, 2021, to give sellers "some breathing room" at a hectic period in the middle of a pandemic. Link here. December 26, 2020. 

Growth, in 2020:

What's striking about the information in the letter from Amazon's Jeff Wilke is that Amazon built out its platform during the pandemic. 
"We've increased square footage across our fulfillment and logistics network by 50%, opening dozens of new delivery stations and fulfillment centers around the world. 
We've hired over 400,000 employees in the biggest peacetime workforce ramp-up by any company in history
And we've spent more than $2.5 billion on pay incentives and bonuses." December 26, 2020.

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