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Will AMAZON become TOO big

Old 06-30-2018, 04:48 AM
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Default Will AMAZON become TOO big

Saw this am where Amazon now sells 40% of all online sales and is even looking into pharmaceuticals as well

Some of are old enough to recall when the Feds came in and split up the original ATT, now I realize that was considered a "natural monopoly" at that time and everyone HAD to use them

I know times are changing but it appears that there is an outside possibility of AMAZON putting a lot of small local businesses out of business

Yes I use them like everyone else does

Also saw this am where they are going to start selling small routes for individuals to buy, UPS and Fed Ex stock both dropped yesterday some what
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Old 06-30-2018, 04:50 AM
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There is room for more than one.

Try Jet, I find it pretty good and I also like that if you buy more than one of something you get even better pricing.
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Old 06-30-2018, 04:56 AM
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yes and we just put an AI robot up into space, obviously we dont pay attention to what happened with SkyNet

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Old 06-30-2018, 04:57 AM
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And people used to worry that Walmart was putting small business's out of business, amazon is killing it
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Old 06-30-2018, 04:58 AM
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Still only about 4% of the country's total retail sales.
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Old 06-30-2018, 04:58 AM
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Just built 2 brick & mortar book stores to replace locations of B&N around here. I cannot understand why bookstores or libraries are still being built. Amazon proved that bookstores are unnecessary
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Old 06-30-2018, 04:59 AM
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Originally Posted by fmb3 View Post
And people used to worry that Walmart was putting small business's out of business, amazon is killing it
Absolutely. When they figure out the food delivering business, if possible, local restaurants will suffer.
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Old 06-30-2018, 05:01 AM
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buying online is strange. sometimes I look on amazon but maybe buy from ebay.
I will receive a package delivered by amazon's own service with an amazon label on it and everything, meanwhile its cheaper then amazon.
do they have ebay bots? are sellers on ebay getting that much better prices that they can still take the hit on paypal and ebay fees to undercut amazon?
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Old 06-30-2018, 05:36 AM
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Took a walk through our local mall last night, my wife’s idea not mine I assure you. More empty retail spaces again. Seems every time I’m there another store or two has closed up. Too big? Maybe. It would suck to not be able to put hands on a product before purchasing.

But last week I needed a thermal breaker for my boat, 40amp clixon style. Tried two local marines, nope. West Marine, nope. After wasting a morning driving around the Cape in traffic, I pulled out the iPhone, search, buy, done. I truly tried to put local business first, then our local soulless corporate monster, nobody had my part......geez when they don’t have what you need what are you gonna do?
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Old 06-30-2018, 05:44 AM
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AT&T is a utility. No one needs amazon for daily life.
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Old 06-30-2018, 06:00 AM
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Originally Posted by Elusive View Post
Just built 2 brick & mortar book stores to replace locations of B&N around here. I cannot understand why bookstores or libraries are still being built. Amazon proved that bookstores are unnecessary
really? I still take me kids to the library weekly to get books. Why buy them when they are done reading it in a couple days.

I get get the store comments, but I still like to actually go into a store and see what new books are out rather than just looking at a top ten list.
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Old 06-30-2018, 06:48 AM
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Originally Posted by Lorne Greene View Post
AT&T is a utility. No one needs amazon for daily life.

That I understand but it Amazon may become a necessity before it is over , think about it

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Old 06-30-2018, 06:53 AM
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I can't post url s yet . Heard they bought Pillpack yesterday , an online pharmaceutical company.
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Old 06-30-2018, 06:54 AM
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Amazon may be the biggest, but there are other online outfits to choose from.

The AT&T breakup was a different story completely. It was a regulated utility that was a monopoly.
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Old 06-30-2018, 07:15 AM
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The brick and mortar stores employ local people, collect sales tax and pay taxes. I will not abandon them if I can find what I need locally.
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Old 06-30-2018, 07:19 AM
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Originally Posted by tprice View Post
Saw this am where Amazon now sells 40% of all online sales and is even looking into pharmaceuticals as well

Some of are old enough to recall when the Feds came in and split up the original ATT, now I realize that was considered a "natural monopoly" at that time and everyone HAD to use them

I know times are changing but it appears that there is an outside possibility of AMAZON putting a lot of small local businesses out of business

Yes I use them like everyone else does

Also saw this am where they are going to start selling small routes for individuals to buy, UPS and Fed Ex stock both dropped yesterday some what
Only the small businesses that Wal-Mart hasn't already put under.
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Old 06-30-2018, 07:22 AM
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Do you guys think AMZN will ever split again?

I know a split isn't always the greatest thing for a stock, ie Apple, but don't you think if AMZN splits lots and lots and lots of folks will buy with the cheaper price of admission?

Why don't they offer a dividend?
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Old 06-30-2018, 07:30 AM
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Originally Posted by bayrunner16 View Post
Do you guys think AMZN will ever split again?

I know a split isn't always the greatest thing for a stock, ie Apple, but don't you think if AMZN splits lots and lots and lots of folks will buy with the cheaper price of admission?

Why don't they offer a dividend?
Have a nice chunk of AMZN, best performing stock in my portfolio. I thought it was headed for split back around $1200, now over $1700 and I have to believe the split (and hopefully extra bump) will come soon. Only other popular stock comes to mind that's trading higher is Berkshire Hathaway.
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Old 06-30-2018, 07:42 AM
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Originally Posted by Gsims View Post
I can't post url s yet . Heard they bought Pillpack yesterday , an online pharmaceutical company.
between that and the delivery service announcement they wiped $17 billion dollars out from 8 other companies

https://www.cnbc.com/2018/06/28/amaz...-carriers.html
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Old 06-30-2018, 08:24 AM
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Originally Posted by Raybo Marine NY View Post
between that and the delivery service announcement they wiped $17 billion dollars out from 8 other companies

https://www.cnbc.com/2018/06/28/amaz...-carriers.html

That report was what initiated my OP

Not only local but also chain RX stores

Teamsters not gonna be happy and we know what happens they get "upset" LOL
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