Amazon’s stock is up more than 600% over the past five years!

VanHalen

Now worth over a trillion USD and soaring ever higher.

finance.yahoo.com/news/amazon-worth-1-trillion

TwoSides2aCoin

It still doesn't feed the hungry. Ask me how I know. I'm hungry.

OPA

@TwoSides2aCoin said:
It still doesn't feed the hungry. Ask me how I know. I'm hungry.

& neither will PM's..especially Platinum

derryb

Doesn't hurt that a taxpayer funded delivery system (USPS) is utilized (at a loss to that system) to get Amazon purchases "the last mile" to the customer. It is estimated that USPS handles over 50% of amazon deliveries.

Baley

Thank you Amazon, the profit from your stock more than pays for all the crap the wife and kids buy from you. Now if you would just send a robot to assemble the stuff, I'd get my time back too and we'd be square.

derryb

@Baley said:
Thank you Amazon, the profit from your stock more than pays for all the crap the wife and kids buy from you. Now if you would just send a robot to assemble the stuff, I'd get my time back too and we'd be square.

Your mail carrier is attending evening classes at the Amazon Assembly School. Won't be long before it will be on your front porch, fully assembled.

mariner67

I have never thought Amazon stock was fairly valued.
Shows how wrong I and many others here have been.
Also reminds me of the old saying...Don’t fight momentum.

ricko

I can still remember, while living in Seattle, the Amazon radio ads for warehouse space... They were comedic, however, in retrospect, unbelievably accurate. Cheers, RickO

TwoSides2aCoin

@OPA said:

@TwoSides2aCoin said:
It still doesn't feed the hungry. Ask me how I know. I'm hungry.

& neither will PM's..especially Platinum

That's a fact. Metal cuts deep, but paper cuts hurt, too. I've yet to work in any trade where I didn't get cuts.

VanHalen

Amazon Orders 20,000 Mercedes-Benz Vans. Where did they get that kind of money?

wsj.com/articles/amazon-orders-20-000-mercedes-benz-vans-for-delivery

Weiss

@derryb said:
Doesn't hurt that a taxpayer funded delivery system (USPS) is utilized (at a loss to that system) to get Amazon purchases "the last mile" to the customer. It is estimated that USPS handles over 50% of amazon deliveries.

"Zero tax dollars used. The Postal Service receives NO tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations."

https://facts.usps.com/top-facts/

renman95

1-2% of our business is from Amazon.

derryb

@Weiss said:

@derryb said:
Doesn't hurt that a taxpayer funded delivery system (USPS) is utilized (at a loss to that system) to get Amazon purchases "the last mile" to the customer. It is estimated that USPS handles over 50% of amazon deliveries.

"Zero tax dollars used. The Postal Service receives NO tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations."

https://facts.usps.com/top-facts/

While the USPS correctly claims that they get no taxpayer dollars for "operating expenses," Congress gives USPS $100 million per year for non-operating expenses.

In 2009, the Postal Service began borrowing money from the U.S. Treasury Department to deal with its troubles. It soon reached its borrowing limit of $15 billion in September 2012. Who do you think will eat that debt since the USPS continues to lose money each year?