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- Amazon's profit margin in 2017 was only about 1.7%
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https://www.marketwatch.com/investing/stock/amzn/financials
2017 Sales/Revenue177.87B 2017 Net Income 3.03B Profit Margin = 1.7% So people need to stop pretending like they are this evil monopoly that is hoarding all kinds of profits for itself. Also as recently as 2014 they actually lost money that year.
I may not go down in history, but I will go down on your sister.
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Sativa_Rose posted...
https://www.marketwatch.com/investing/stock/amzn/financials Please list market share instead of this bullshit. |
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Teddytalks posted...
Please list market share instead of this bullshit. Define "Market Share" |
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Sativa_Rose posted...
https://www.marketwatch.com/investing/stock/amzn/financials lol I'm ignoring any political statements if they're good or bad...Amazon barely ever makes a profit because they continue to reinvest their revenue into new services and new business strategies...so you're making a terrible point |
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Tyranthraxus posted...
Teddytalks posted... notsureif
http://i.imgur.com/VZeCB.gif
RebelElite791 |
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Teddytalks posted...
Please list market share instead of this bullshit. https://www.recode.net/2017/10/24/16534100/amazon-market-share-ebay-walmart-apple-ecommerce-sales-2017 43.5% of all e-commerce sales But hey, if they offer the best prices, why does it matter?
I may not go down in history, but I will go down on your sister.
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CruelBuffalo posted...
Sativa_Rose posted... Exactly, they are creating new jobs and reinvesting into the economy.
I may not go down in history, but I will go down on your sister.
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theAteam posted...
I don't think people shit on them for "hoarding profit". I don't like that fact, but all corporations try to exploit the tax code. It's a problem with the tax code and our political system.
I may not go down in history, but I will go down on your sister.
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Sativa_Rose posted...
CruelBuffalo posted... Like i said, i'm ignoring any part saying they are good or bad. I'm saying it's stupid to pretend Amazon is struggling |
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FFVII_REMAKE posted...
Amazon will replace best buy, target, and every single retail store in the future. Best Buy yes, Target I am more skeptical about. A few big retail stores will probably stick around in areas with enough population because brick and mortar is still handy to have around. Even Amazon has actually opened its own brick and mortar stores in certain high density areas.
I may not go down in history, but I will go down on your sister.
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CruelBuffalo posted...
Like i said, i'm ignoring any part saying they are good or bad. I'm saying it's stupid to pretend Amazon is struggling Oh I agree. They just take advantage of the tax code like everyone else does. Just like Trump said, tbh.
I may not go down in history, but I will go down on your sister.
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Hating Amazon is a very weird thing to obsess over
Like they are so convenient and they always have great deals. They’re always innovating too to make the experience and customer service so much easier/better. Why the fuck is this a bad thing? They’re also not a monopoly because sites like Newegg exist and are just as great and successful. *oh noes they didn’t pay all their taxes” Cool, and your user experience is better because of it. Stop whining.
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Sativa_Rose posted...
FFVII_REMAKE posted... Let's put an Amazon and target store next to each other. Both stores sell the same exact products but Amazon has lower prices than target. .... ..... ........ |
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i struggle to see what’s wrong about a company providing better customer satisfaction than the other, and customers responding appropriately to the competition
like do you want to force people to buy from shittier companies or what wasn’t that the whole problem with monopolies to begin with? are we going to act like a good monopoly can’t exist?
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Not removing this until Pat Benatar is in Super Smash Bros. (Started 8/31/2010)
2018 NFLB Summersim (0-0): https://i.imgur.com/7cjNtgQ.png |
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Sativa_Rose posted...
27_Sandman_40 posted... it’s ironic because wouldn’t conceding to universal health care be conceding to a big company?
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27_Sandman_40 posted...
Sativa_Rose posted... Government isn't out to make a profit nor does it really function at all like a company. |
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Tmaster148 posted...
27_Sandman_40 posted... yeah a government thats trillions of dollars in debt isnt out to make a profit LOL
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27_Sandman_40 posted...
Tmaster148 posted... You do know that debt is the opposite of profit. |
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Tmaster148 posted...
27_Sandman_40 posted... how do you get rid of debt?
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amazon has been playing the long game and still are, running in the red for over a decade was about getting market share. even now they still don't capitalize on their market share as much as competing places like walmart because they're still busy trying to run everyone else out of business.
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TJ Maxx and Ross are in a fun little niche that avoids getting Amazon'd. Everyone else is screwed, though.
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27_Sandman_40 posted...
Tmaster148 posted... Our government has been running a deficit for a while now. Simply the government doesn't care if it makes a profit it runs fine either way. |
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amazon's reported profit margins are among the worst ways to judge their earnings as a company, because their capital expenditures and investment purchases for expansion are part of their listed operating expenses
and they spent 27 billion on that in 2017 bezos' wealth keeps rising because amazon keeps growing faster and faster. so investors will pay more for 1 share of amazon each year.
And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
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Darkman124 posted...
amazon's reported profit margins are among the worst ways to judge their earnings as a company, because their capital expenditures and investment purchases for expansion are part of their listed operating expenses Even if you look at EBITDA instead of actual profit, we are talking sub 20% margins. Brick and mortar stores can’t stay in business with those numbers. Competition is a good thing. It provides your neighbors with jobs. I remember growing up as a kid in a small town when Walmart first came to town. A few stores closed. No one noticed all that much. Then, the super Walmart came in and brought more items, groceries, and a pharmacy. My home town is a shell of what it used to be. Pharmacies, grocery stores, repair shops, clothing stores, and furniture stores are no longer in business. The ones that stayed in business are now further devastated by Amazon. People need to look at the long term consequences of their actions.
Polite fiction is still fictitious even when no one is offended.
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C7D posted...
that is an interesting point--can you find me the stats on TGT, BBY, etc margins?
And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
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lol how childish is this topic
Next you're going to tell me poor hollywood is broke because their movies never make a profit. |
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stone posted...
oh noes, they ONLY made 3 friggin' billions profit! They need government help to stay alive! That $3B isn't profit. That's income, as in, before bills. As a company, that works out to about $50M profit, some of which they lose to taxes and profit sharing.
'It's okay that those gangbangers stole all my personal belongings and cash at gunpoint, cuz they're building a rec center!' - OneTimeBen
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Rika_Furude posted...
Tyranthraxus posted... I have been working jobs since I was 15 and have been with my current corporate employer for 4 years but I fail to see what that has to do with Market Share. |
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Darkman124 posted...
C7D posted... I don’t have all of it but yahoo finance gives a pretty decent look into the overall health of the company. It’s obviously doing very well. https://finance.yahoo.com/quote/AMZN/key-statistics/
Polite fiction is still fictitious even when no one is offended.
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Can someone clarify what they mean when they say Amazon didn't pay taxes, or have an article? Because usually people who say those kinds of things have no idea what they're talking about.
I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED!
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Tyranthraxus posted...
Rika_Furude posted... well if you had ever had any job of any importance you would have learned the definition of market share already or had basic google skills |
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C7D posted...
i think we might be talking past each other i was firmly in the camp that AMZN isn't just healthy but a powerhouse hell, i bought shares of them in feb
And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
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Darkman124 posted...
C7D posted... Yeah, we are on the same page. I just have an ethical dilemma shopping there.
Polite fiction is still fictitious even when no one is offended.
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EndOfDiscOne posted...
Can someone clarify what they mean when they say Amazon didn't pay taxes, or have an article? Because usually people who say those kinds of things have no idea what they're talking about. their model of selling from out of state locations allows them to frequently not be charged sales tax
And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
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Darkman124 posted...
EndOfDiscOne posted... Companies don't pay sales tax on their sales. The customer pays those.
I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED!
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EndOfDiscOne posted...
Companies don't pay sales tax on their sales. The customer pays those. the company is charged, but passes it to the customer immediately. what you pay, they then pass to the state. by operating in this way, they can undercut local retailers for the same product, even when the price is the same. for example, I bought the OLED65B7A for $2,299 from Fry's (Arizona) via Amazon. At Costco instore, it was also $2,299 but came with a 6% sales tax which brought it to 2436, an extra $136. Because I could pay $136 less by buying from the amazon vendor that was located out of state, they got business and Costco did not. Amazon takes a cut of all vendor sales, so they got money out of that deal too, and didn't even have to hold merchandise.
And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
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Darkman124 posted...
the company is charged, but passes it to the customer immediately. what you pay, they then pass to the state. Theoretically, no. The company is responsible for collecting and remitting sales tax, so if they fuck it up they'll owe the difference. But the liability is on the customer. That's why if you buy something from out of state and the company has no sales tax nexus in your state, you're responsible for reporting and paying the use tax on your purchase. I understand that not charging sales tax gives them an competitive edge. I think when people usually say "they don't pay taxes" they're talking about income taxes, and I want to know where this comes from in regards to Amazon.
I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED!
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EndOfDiscOne posted...
i can't say for certain but my assumption would be a similar method to what apple does, wherein they have all their earnings tied to individual divisions located in tax-advantaged locations and all other offices are treated as profit-neutral because they 'pay up' to the central corporate office (which, in apple's case, then pays up again to another office that does not exist)
And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.
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C7D posted...
Then, the super Walmart came in and brought more items, groceries, and a pharmacy. My home town is a shell of what it used to be. Pharmacies, grocery stores, repair shops, clothing stores, and furniture stores are no longer in business. The ones that stayed in business are now further devastated by Amazon. People need to look at the long term consequences of their actions. Most of those businesses were just buying something from someone else and reselling it on their shelves, just middlemanning. It's hard for me to believe that all those other stores shut down too btw. My town has two Walmarts, one normal and one supercenter, and we still have a lot of all of the above. The only thing that might have been hurt are small little boutique shops like this one that sells records and CDs.
I may not go down in history, but I will go down on your sister.
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Sativa_Rose posted...
C7D posted... Believe what you would like. I got educated and left. My former high school classmates did the same. I still visit from time to time. The place is turning into a retirement community. Pretty much you have to do some kind of nursing, make car parts in the factory, commute an hour to work, some commute that hour to do fulfillment with Amazon, make fast food, or go to work at Walmart. I cannot speak to the dynamics of your community which supports two Walmarts. Ours could only support one. Most all of our businesses were specialty boutiques. Our town has about 2000 people. Every time I go there to visit family, I get more and more sad about what used to be.
Polite fiction is still fictitious even when no one is offended.
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- Boards
- Current Events
- Amazon's profit margin in 2017 was only about 1.7%
- Boards
- Current Events
- Amazon's profit margin in 2017 was only about 1.7%
C7D posted...Sativa_Rose posted...
C7D posted...
show hidden quote(s)
Most of those businesses were just buying something from someone else and reselling it on their shelves, just middlemanning. It's hard for me to believe that all those other stores shut down too btw. My town has two Walmarts, one normal and one supercenter, and we still have a lot of all of the above. The only thing that might have been hurt are small little boutique shops like this one that sells records and CDs.
Believe what you would like. I got educated and left. My former high school classmates did the same. I still visit from time to time. The place is turning into a retirement community. Pretty much you have to do some kind of nursing, make car parts in the factory, commute an hour to work, some commute that hour to do fulfillment with Amazon, make fast food, or go to work at Walmart. I cannot speak to the dynamics of your community which supports two Walmarts. Ours could only support one. Most all of our businesses were specialty boutiques. Our town has about 2000 people. Every time I go there to visit family, I get more and more sad about what used to be.
Oh I agree that what you are describing is happen across rural America, I just don't think it's Amazon's fault. Rural communities are basically becoming retirement communities in a lot of cases because the young people are better off leaving. The economy is changing. The flight from farms to cities that began in the industrial revolution is undergoing a resurgence, IMO.I may not go down in history, but I will go down on your sister.27_Sandman_40 posted...Hating Amazon is a very weird thing to obsess over
Like they are so convenient and they always have great deals. They’re always innovating too to make the experience and customer service so much easier/better.
Why the fuck is this a bad thing? They’re also not a monopoly because sites like Newegg exist and are just as great and successful.
*oh noes they didn’t pay all their taxes”
Cool, and your user experience is better because of it. Stop whining.
People have a weird obsession with hating success in this country.- Boards
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- Amazon's profit margin in 2017 was only about 1.7%
