Re:Shopify to cut 20% of its workforce, beats quarterly reve...
by lotsofpulp on Thursday May 04, 2023 @09:26AM
(#35814950)
> When Bezos was still at the helm of Amazon in the 2000s, the investors demanded a profit (and a dividend?). Not giving in, he kept reinvesting any earnings back in the business for years to come.
Lots of differences. #1 is Amazon was not losing tons of money. They were also doing something novel and building physical infrastructure. Investing in an online retail business when there were few others (none at Amazon scale) is far different than investing in one with tons of competitors and low barrier to entry.
>The current flavour of capitalism is more heavily tuned for profits over other parameters such as employee satisfaction and morale.
People have always like more money than less money.
When Bezos was still at the helm of Amazon in the 2000s, the investors demanded a profit (and a dividend?). Not giving in, he kept reinvesting any earnings back in the business for years to come.
The current flavour of capitalism is more heavily tuned for profits over other parameters such as employee satisfaction and morale.
Still, seeing the same response across all companies in every industry is bizarre. This gives more credence to the big-three-index-funds-control-most-companies theory[1].
[1] Hidden power of the Big Three? Passive index funds, re-concentration of corporate ownership, and new financial risk https://www.cambridge.org/core/journals/business-and-politic...