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A comment on Amazon is reportedly negotiating to acquire MGM for about $9B. Parent comment

Re:Amazon is reportedly negotiating to acquire MGM for about... by treis on Tuesday May 18, 2021 @10:42AM (#27195240)
No, but we are solidly in the consolidate and undercut competition phase. The issues arise in the use monopoly power to extract large profit phase.
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Re:Amazon is reportedly negotiating to acquire MGM for about... by dageshi on Tuesday May 18, 2021 @11:05AM (#27195611)
How? So long as there are multiple competitors after the same customers I don't really see how this happens. Hell, we only really have 3 major cloud computing platforms (along with some minor ones), but consistently the prices of everything they offer goes down.
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Re:Amazon is reportedly negotiating to acquire MGM for about... by treis on Tuesday May 18, 2021 @06:24PM (#27202070)
Because Netflix, Hulu, Prime Video et Al don't make money. At some point they're going to have to and that's when we see if you're right or not.
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Re:Amazon is reportedly negotiating to acquire MGM for about... by CyberDildonics on Wednesday May 19, 2021 @11:38AM (#27210166)
https://www.washingtonpost.com/business/2021/04/20/netflix-n...

Netflix has over 208 Million subscribers each paying a monthly fee. They are taking in multiple BILLIONS every month in revenue.

They are also in complete control of their expenditures. They don't rely on commodities or regulations. If that isn't making money then I don't know what is.

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Re:Amazon is reportedly negotiating to acquire MGM for about... by treis on Wednesday May 19, 2021 @01:00PM (#27211366)
Making money is when your revenues are higher than your costs.
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Re:Amazon is reportedly negotiating to acquire MGM for about... by CyberDildonics on Wednesday May 19, 2021 @02:27PM (#27212485)
Do you think that only companies that pay dividends are "making money"? What about stock buybacks?

Netflix's stock price is 480x what it was 20 years ago. It has a market cap of 280 Billion dollars.

Are you one of the people that said "amazon doesn't make money" because they used their revenue to expand for multiple decades?

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