We don’t have real experts anymore. We have people who are employed and put in positions of authority because they are the kin of someone powerful, are a minority, are a member of the alphabet group. Just like that government guy who robbed suitcases on the side.
I expect companies like Uber and DoorDash to implode, and even Amazon is in trouble. Without its web services division, Amazon doesn't make money.
That's going to devestate a lot of people.
I believe you, I just want to know why. In my non business mind I thought Uber would be recession proof.
Another 2008 will be awful for those people who recently purchased multi-million dollar properties.
Uber has never made money. Like our resident wide-hipped celebrity, it’s all smoke and mirrors.
Take doordash for example. How long does it take someone to get your stuff to you? They’ve got to drive from where they are to the restaurant, get the food, over to you, then back to wherever they came from. 30 minutes?
Peloton another example.
Uber has never made money. Like our resident wide-hipped celebrity, it’s all smoke and mirrors.
Hubert Horan: Can Uber Ever Deliver? Part Thirty-One: Uber’s Legitimate Cumulative Losses Top $32 Billion; P&L Improvements Driven by Much Higher Fares and Multi-Billion Dollar Transfers From Drivers to Shareholders | naked capitalism
Even big fare hikes and cuts to driver pay have failed to produce profits at Uber. And these pricing changes are not likely to be sustainable.www.nakedcapitalism.com
A Silicon Valley story as old as Silicon Valley itself. Just gotta get out before the crash…
Agreed completely. I only used it when I was too sick to go get food and it wasn’t a great experience then.
I live fairly far out in the country and figured I would never have to concern myself with that service, but I am starting to see their ad stickers on several of the area restaurants. Don’t know what they charge, but I imagine by the time you pay for the product, pay for the delivery, and add a tip, you might as well drive out to a decent restaurant and eat there.
that is half the time in the burbs or city. Just not good way to go anymore.
Like usual, you have no fvcking idea what you're talking about. Amazon's advertising division profits billions more than its web services division.
We can disagree with Yellen for sure, but to apply this to her would not be accurate in any way.
Good, looks like I will be buying that home in Kansas super cheap. Hell, maybe I can pick up about 20 acres or so too.
Not avoiding anything. A report in late October showed that AWS was the only profitable division at Amazon. Post a link showing otherwise, tubby.
This is awesome. Where, in any way, does your tweet support that AWS "was the only profitable division at Amazon"?
Are you purposely pretending to be stupid or do you really think either of those tweets has anything to do with your bullshit claim?
It’s all diversion and semantics with you. Just like you getting called out about calling blinds “blinders,” or claiming “G Wagon” is the correct nomenclature. People just get tired of arguing with you about nonsense. Luckily I’m still here watching this “excavator driver” tear houses down for me so I can continue to gentrify people who wear Gucci onesies out of housing.
"In 2021 Amazon collected $31.16 billion in advertising revenue from sellers on its platform, which was a 32% increase over 2020. This makes Amazon the third largest digital advertising platform in North America, behind Google and Facebook. For comparison, Amazon Web Services (AWS), long thought to be Amazon’s most lucrative business, generated $62.2 billion in revenue in 2021. AWS is one of Amazon’s most capital-intensive offerings, consuming more than half of their capital expenditure budget, and yielding only $18.5 billion in operating income. While Amazon did not disclose the operating income generated from their ad business, it is almost certainly bigger than the income generated by AWS, making the advertising business the most profitable segment of Amazons entire empire."
www.forbes.com
Your proof is a nearly-year old article that says "it's almost certainly bigger..." while saying the actual number hasn't been disclosed? You said their ad division brings in BILLIONS more than AWS. The numbers I gave you are a month old."In 2021 Amazon collected $31.16 billion in advertising revenue from sellers on its platform, which was a 32% increase over 2020. This makes Amazon the third largest digital advertising platform in North America, behind Google and Facebook. For comparison, Amazon Web Services (AWS), long thought to be Amazon’s most lucrative business, generated $62.2 billion in revenue in 2021. AWS is one of Amazon’s most capital-intensive offerings, consuming more than half of their capital expenditure budget, and yielding only $18.5 billion in operating income. While Amazon did not disclose the operating income generated from their ad business, it is almost certainly bigger than the income generated by AWS, making the advertising business the most profitable segment of Amazons entire empire."
Amazon Reveals Its Most Profitable Business
For the first time, Amazon broke out the revenue it collects from advertisers on its platform, which was $31.16 billion in 2021.
Not only are you not very bright, but you're so dumb that you don't realize just how dumb you are. It results in you thinking you're intelligent, constantly run your mouth about things you're clueless about, and then never learn.
Moron, you said: "A report in late October showed that AWS was the only profitable division at Amazon."
The numbers from your article are from Q4 2021. AWS had revenue of $62B while Amazon ad revenue was half that at $31B.
Now, read the other parts of the article, Murox the Moron:
