ricardo_piano

In the book, The Everything Store, the writer tells about Bezos intentions for Washington. It was combination of fewer customers there and a close distance to a large book publisher, there were a few other smaller accompanying reasons like another poster mentioned about msft being in the area as well.

>hopefully he will go all in on some crazy idea eventually

Blue Origin? He does have his own space ship company.

Amazon already went through 2 downturns. Dot com bubble and the last recession. During the recession they faired extremely well.

they've been facing tough competition from Walmart since the late 90s. Alibaba is still miles away from competing in the same areas as Amazon although that will change with time. For now, if you're a consumer, aliexpress is only good for buying cheap low quality items.

If there's something they've figured out, it's logistics and how to deliver a product as fast and cheap as possible. Everything about their system is optimized for this. Now with their venture into contract companies to deliver goods they can bypass more expensive UPS delivery.

Now do I think they're stock is overvalued? Yes, but I don't see a doomsday scenario happening.