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Re:Companies hide negative news through unrelated press rele... by scrum-treats on Tuesday May 09, 2023 @06:39PM (#35881269)
Thanks for the links.

Interestingly, I noticed Amazon's CEO of Retail, Doug Herrington, dumping sizable amounts of Amazon stock[1].

This activity is coupled with growing complaints about Amazon's quality of goods[2], delivery[3][6] and ability to return those goods[2][4][5][8][9]. Amazon is now requiring customers to file a police report in order for their credible return to be accepted[7][10][11]. Amazon is also canceling union-backed delivery contracts[12], choosing instead to offer customers $10 to pick up their packages[13].

Oh, and tons of people are reportedly canceling Prime memberships[14].

Should we consider this salient signal of a downturn for Amazon?

[1]https://www.benzinga.com/sec/insider-trades/search/index?com.... [2]https://www.reddit.com/r/amazonprime/comments/13cieyc/receiv... [3]https://www.reddit.com/r/amazonprime/comments/13cjvq7/update... [4]https://www.reddit.com/r/amazonprime/comments/13c1hei/the_er... [5]https://www.reddit.com/r/amazonprime/comments/13cbd31/return... [6]https://www.reddit.com/r/amazonprime/comments/13calra/thats_... [7]https://www.reddit.com/r/amazonprime/comments/xiaiqe/amazon_... [8]https://www.reddit.com/r/amazonprime/comments/13avfyg/amazon... [9]https://www.reddit.com/r/amazonprime/comments/1338hzs/amazon... [10]https://www.reddit.com/r/amazonprime/comments/y457gw/amazon_... [11]https://www.reddit.com/r/amazonprime/search/?q=police+report... [12]https://www.reddit.com/r/AmazonDSPDrivers/comments/136jfe9/a... [13]https://www.reddit.com/r/technews/comments/13cmrh8/amazon_of... [14]https://www.reddit.com/r/amazonprime/search/?q=cancel+prime&...

Re:Companies hide negative news through unrelated press rele... by thunky on Tuesday May 09, 2023 @06:52PM (#35881397)
Your links don't reveal growing complaints, they're just complaints people posted to Reddit.

Of course there will be tons of complaints, Amazon is huge. Picking out a few of them is meaningless.

Re:Companies hide negative news through unrelated press rele... by jonhohle on Tuesday May 09, 2023 @07:43PM (#35881794)
Is your Amazon shopping experience better than 10 years ago? Is product discovery easier? Are you confident that you’re getting genuine merchandise? Are delivery promises being met? Are the prices competitive with other online and offline retailers?

All of those have gotten worse for me. The fact that FakeSpot exists is telling.

Re:Companies hide negative news through unrelated press rele... by pc86 on Tuesday May 09, 2023 @08:20PM (#35882071)
I'll go ahead and answer as well since we're just talking about anecdata anyway.

> Is your Amazon shopping experience better than 10 years ago?

Depends what you mean by "shopping experience." Some aspects better, some worse. Generally if I'm looking for a specific product/serial number or something, it's perfect. If I'm searching Amazon for a type of product, it's not as good - but then again, searching via Google or DDG and going from there is generally better.

> Is product discovery easier?

It was never particularly good, it's not particularly good now, but is probably marginally better especially if you have something specific in mind, e.g. something better than going on amazon.com and typing "waffle maker" into the search.

> Are you confident that you’re getting genuine merchandise?

Yes. IME the "OMG COUNTERFEITS" stuff is pretty overblown. Amazon not commingling inventory would be a step in the right direction but logistically that's difficult and would result in even less competitive pricing.

> Are delivery promises being met?

I can remember exactly two times where something wasn't delivered as promised, and one was years and years ago (maybe more than 10). The other one was damaged in transit and automatically reordered with a later shipping date so you can't even really blame that on them.

> Are the prices competitive with other online and offline retailers?

This is my only complaint. You end up paying a bit for the convenience and shipping speed which is worth it most of the time (IMO).

Re:Companies hide negative news through unrelated press rele... by oxfordmale on Tuesday May 09, 2023 @08:50PM (#35882295)
"OMG, counterfeits" is not overblown. I am careful with what I buy, and I got a dodgy charger that developed a burning smell without minutes of using it. If a UK retail shop sold such an item, Trading Standards would get involved asap.

I have received other substandard items, where I was given a full refund if I took down a negative review.

Re:Companies hide negative news through unrelated press rele... by scrum-treats on Tuesday May 09, 2023 @08:42PM (#35882240)
> Is your Amazon shopping experience better than 10 years ago?

No. Actually the site is overridden with fraudulent items, and the quality is in severe decline. The print-on-demand books are poorly printed, there's no way I'm buying anything over $100, especially not electronics. I can't trust any food items. The reviews are littered with bots. Not to mention, Amazon completely ruined Whole Foods.

It's bad. As in, severely broken supply chain bad. I can't "trust" what I purchase from Amazon's website anymore.

> Is product discovery easier?

Maybe from 10 years ago, however in the last 2 years something happened with Search. It's routinely mis-categorizing items, which makes finding the item I want much harder. And it's riddled with ads and product placements (again for items that have low semantic overlap with what I am querying).

> Are you confident that you’re getting genuine merchandise?

No.

There was actually a person in a different post who commented on being one of the few persons who had a team to work on fraud detection. And when they left Amazon the project was immediately dropped. Amazon knows this is an issue. We, the consumer, are just being sold short. It's not okay.

> Are delivery promises being met?

No. In fact Doug spoke in February about improving delivery times ("last mile" as it's sometimes called)[1]. The exact opposite has happened. From the article:

'Amazon now faces a class-action lawsuit in federal court for "false advertising" and "negligent misrepresentation" over Prime's two-day shipping guarantees.'

In Doug's minor defense, the previous CEO of Consumer Goods, Dave Clark, was positively abhorrent. And Clark's actions and decisions cost Amazon huge monetary and employee losses. It doesn't justify the poor decisions made since Clark's departure (e.g., requiring customers file police reports for Amazon's wrongdoings; refusing customer refunds; banning customer accounts; knowingly selling fake goods; employing child labor).

[1]https://www.businessinsider.com/amazon-plans-for-faster-deli...

> Are the prices competitive with other online and offline retailers?

Yes, in a way that is predatory. For instance "Price Labs" is Amazon's new gimmick to overcharge some customers and under charge others, dynamically, to further eliminate 3rd party vendor competition.

In the last 1.5 - 2 yrs, it's gotten a lot worse.

Re:Companies hide negative news through unrelated press rele... by jonhohle on Thursday May 11, 2023 @10:58AM (#35903130)
> “Price Labs”

That’s interesting. When I started there in 2009, per customer dynamic pricing was a failed experiment and the people in my org treated it as a huge legal liability that was extremely taboo. At the same time, I’m not really surprised based on other MBA led initiatives that are the opposite of customer centric. I was never sure how those guys got enough purchase to get their projects done.

Re:Companies hide negative news through unrelated press rele... by brookst on Tuesday May 09, 2023 @10:58PM (#35883143)
Wait, are we talking about trends backed by data or anecdotes backed by Reddit and n=1 personal experiences?
Re:Companies hide negative news through unrelated press rele... by jonhohle on Thursday May 11, 2023 @10:53AM (#35903065)
I worked at Amazon from 2009-2016. For a while near the end I worked on brand management which was specifically trying to address the counterfeit problem. If you’ve used Amazon in the last 14 years, you’ve used software I’ve worked on. My n=1, but from an informed position.

It’s 2023 and I still get counterfeits.

Re:Companies hide negative news through unrelated press rele... by scrum-treats on Tuesday May 09, 2023 @08:20PM (#35882074)
> Your links don't reveal growing complaints,

Actually, they do. People didn't complain about this really 2 years ago. For the past few months, its all over the place (social media: Reddit, Twitter, Tiktok, Instagram; OSHA fines; SEC anti-trust lawsuits).

> Of course there will be tons of complaints, Amazon is huge. Picking out a few of them is meaningless.

No, not really meaningless. It's indicative of the illegal practices consumers are being subjected to. This is why we have Consumer Protections.

Amazon may be huge, but it's growing hollow and financially strapped it seems.

Thanks for your hot-headed opinion. I'll file it under "flagged for lack of data."

Re:Companies hide negative news through unrelated press rele... by scrum-treats on Wednesday May 10, 2023 @02:28PM (#35891376)
Not sure why this is downvoted. It's facts. And, it follows the exact premise of the post, which is that

Companies (e.g., Amazon) hide negative news[1] with unrelated press[2][3] alongside SEC filings[4].

[1] See my original comment: https://news.ycombinator.com/item?id=35877291#35881269

[2] Amazon's new service lets you buy physical items in games and apps: https://news.ycombinator.com/item?id=35880117

[3] Prime Video's architectural improvements to Quality Analysis service saves $$: https://www.primevideotech.com/video-streaming/scaling-up-th...

[4] Amazon CEO of Retail is dumping stock: https://www.benzinga.com/sec/insider-trades/search/index?com...

Re:Companies hide negative news through unrelated press rele... by BionicAnomaly on Wednesday May 10, 2023 @03:01AM (#35884516)
When you notice that X person is "dumping sizable amounts of stock", and use that as your foundation for a wave of further speculation, the first thing you should consider doing is looking at the actual filing[0].

Which of course contains the pertinent information: "This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 11/23/2022."

So did this person "dump" stock? Sure. Did they choose to do it at this particular point in time? No, a predetermined trading plan did.

[0]https://www.sec.gov/Archives/edgar/data/1018724/000110465923...

Re:Companies hide negative news through unrelated press rele... by refurb on Wednesday May 10, 2023 @04:59AM (#35885214)
Precisely. If you're in an executive position at a company, you're an "insider" pretty much 100% of the time so you have no choice but to sign up for a trading plan that dumps stock on a regular basis regardless of the price.

And the reason why his sales grow is likely because his stockpile of vested equity has grown over time, so selling "10% of holding" is going to go up every year.

Re:Companies hide negative news through unrelated press rele... by scrum-treats on Wednesday May 10, 2023 @02:34PM (#35891479)
This statement is speculative.

It's quite interesting how quickly people rush in to defend persons in perceived power, without objectively analyzing the actual claim. Are you part of the C-suite in-group?

Re:Companies hide negative news through unrelated press rele... by refurb on Wednesday May 10, 2023 @07:50PM (#35895223)
It's not speculative at all. It's the law for insiders.

It's actually speculative to argue he "dumping" stocks because that would be illegal.

Re:Companies hide negative news through unrelated press rele... by scrum-treats on Wednesday May 10, 2023 @02:32PM (#35891438)
> When you notice that X person is "dumping sizable amounts of stock", and use that as your foundation for a wave of further speculation, the first thing you should consider doing is looking at the actual filing[0].

...I did.

> So did this person "dump" stock? Sure. Did they choose to do it at this particular point in time? No, a predetermined trading plan did.

Doug began offloading stock 11/23/2022. Doug is still selling this month. While I agree that some was predetermined, it wasn't all predetermined. And that's the point.