Re:Amazon to Lay Off over 17,000 Workers, More Than First Pl...
by whatever1 on Wednesday January 04, 2023 @11:35PM
(#34256011)
What people’s money? People put money when amazon ipo’ed decades ago. These people got their money back in multiples.
Now there are just speculators exchanging pieces of papers themselves. These have not connection whatsoever with the company’s cash flow.
Amazon famously did not turn a profit for years as its stock price rose. It was able to do so because the market largely trusted the management.
The reason why the stock market demands profit from most companies is that many, many managers and directors are bad at their job. Demanding profits is a way to keep management disciplined and focused, and avoiding years long boondoggles and fiascos. This is important since they are playing with other peoples money.