Amazon

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NorthReport
Amazon

Nov 7 '17

Amazon has now made Jeff Bezos the richest person on the planet

NorthReport

Worse than Wal-Mart: Amazon’s sick brutality and secret history of ruthlessly intimidating workers

You might find your Prime membership morally indefensible after reading these stories about worker mistreatment

http://www.salon.com/2014/02/23/worse_than_wal_mart_amazons_sick_brutali...

bagkitty bagkitty's picture

NorthReport: I really appreciate your posting this link -- so BUMP, BUMPITY BUMP

NorthReport

Skuttlebutt is that it may be Boston

This Is What Really Happens When Amazon Comes to Your Town

Trust me, I saw my city transform—and not always for the better.

 

http://www.politico.com/magazine/story/2017/10/19/amazon-headquarters-se...

NorthReport
NorthReport
NorthReport

Amazon stock is up $80 a share US this morning which is around $100 a share in Cdn terms, As a result Jeff Bezos surpasses Bill Gates as the richest person on the planet

Amazing Amazon: Shares surge 9 percent as Wall Street shocked by giant's rapid growth

  • Wall Street analysts are growing more confident Amazon's success will continue because of its proven ability to invest in new opportunities.
  • "Once again it demonstrated accelerating growth across all e-commerce reporting segments," a Credit Suisse analyst wrote in a note to clients.

https://www.cnbc.com/2017/10/27/amazon-shares-jump-as-internet-giants-ma...

NorthReport

Amazon is up over $100 US a share, which means it is up over $125 a share Canadian this morning and analysts are raising their forecasts to $1300-$1400 a share

NorthReport

Now up US $125 a share to US $1,097 a share in one day. Amazon is truly amazin'! 

NorthReport

The future is here and it has AMAZON written all over it.

Save me from Amazon’s home-delivery lunacy

https://www.theguardian.com/commentisfree/2017/oct/28/deliver-me-from-am...

Mr. Magoo Mr. Magoo's picture

Quote:
The future is here and it has AMAZON written all over it.

But the good news is that we can avoid this dystopia by going back to stores that have walls and a door, and paying slightly more to a human for our XBox.  Who's in???

epaulo13 epaulo13's picture

Radical Municipalism: The Only Solution to Amazon’s Extortion of Cities

Last week saw a flurry of humiliating pitches by North American cities for Amazon to pick them as the location of the corporation’s second headquarters.

New Jersey committed a phenomenal $7 billion in tax breaks if picked. Stonecrest, Georgia, pledged to annex 345 acres to create an entire city called Amazon and make CEO Jeff Bezos unelected mayor. Tucson sent a 21-foot cactus to Amazon, which the company rejected.

Meanwhile in Canada, Calgary released a deeply cringey video, bought a massive billboard in Seattle claiming that it would “fight a bear” for Amazon and paid for sidewalk graffiti that joked about how it would also change its name for it. NHL teams in Calgary and Ottawa led arena-wide chants pleading for the company to pick them. Winnipeg bragged in its application that it was the inspiration for Winnie the Pooh’s name.

In total, more 100 cities submitted applications, including Vancouver, Edmonton, Montreal, Sault Ste. Marie, Halifax, Hamilton and Toronto.

quote:

There’s only one way out of this hellscape: a fierce re-commitment to the “right to the city.”

Democracy Without Elections

This does not mean dedicating enormous time and resources to get leftist candidates elected to municipal councils.

There’s perhaps a place for that in some contexts: Seattle’s socialist city council member Kshama Sawant has been a fervent critic of Amazon’s impacts, and veteran anti-poverty organizer Jean Swanson would have been an invaluable addition to Vancouver’s city council if she’d won.

But the promise of truly leftist and democratic city-building that can challenge the powers of Amazon and other multi-nationals is much more than electoral politicking, which is almost always poisoned with money and influence from sectors like finance and real estate.

In the words of journalist Debbie Bookchin, daughter of the late Murray Bookchin:

Municipalism demands that we return power to ordinary citizens, that we reinvent what it means to do politics and what it means to be a citizen. True politics is the opposite of parliamentary politics. It begins at the base, in local assemblies.

That largely parallels the concept of the “right to the city,” originally coined by Henri Lefebvre and explained by Marxist geographer David Harvey:

Greater democratic control over the production and utilization of the surplus. Since the urban process is a major channel of surplus use, establishing democratic management over its urban deployment constitutes the right to the city.

NorthReport

Google's Profits Are Exploding Because the Web Is Massive

The company's global ad business is now larger than that of Facebook, Alibaba, Baidu, Twitter, Amazon, and Snap, combined.

https://www.theatlantic.com/business/archive/2017/10/google-cannot-be-st...

laine lowe laine lowe's picture

I'm not a fan of the "like button" culture of Facebook and other social media/communications, but I truly appreciate comment #12 by epaulo. I too have been scratching my head over so many municipalities bending over backwards to lure Amazon to their city. The giant perks are such a reminder of the same sh*t cities do to lure a professional sports franchise. The benefits are not that freaking great given how much public money is sacrificed.

NorthReport
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NorthReport

Amazon stock price this morning:  US$1,123.31

This Is How Amazon Could Invade the Pharmacy Business

 

https://www.bloomberg.com/news/articles/2017-11-07/six-ways-amazon-could...

ouroboros

Mr. Magoo wrote:
But the good news is that we can avoid this dystopia by going back to stores that have walls and a door, and paying slightly more to a human for our XBox.  Who's in???

For retail to survive, they really need to step up their customer service. Just one example. A product was released yesterday I wanted. I have emailed a local store that I wanted to support to see if they would have one in stock and could put it aside for me. They said they would and agreed to set it aside. I told them I would be in around lunch to get it. I made a special trip, quite out of my way, to pick it up. I got there only to be told, no we don't have it and we will not be getting it in for another week or two. No reason was given and no "I'm sorry we didn't let you know even though we had your contact info". So I ordered it on Amazon and it came today at half the price. 

NorthReport

Who cares about dividends when its share price is $1,160 US this morning!

Mr. Magoo Mr. Magoo's picture

Quote:
So I ordered it on Amazon and it came today at half the price.

Then sadly that store you wanted to support was out to totally rip you off.  That's got nothing to do with their "customer service" -- if anything they did you a favour by not stocking it and then selling it to you for twice the price.

NorthReport

The party's over for both the malls and the physical shops! Get out while you can. There is a reason Amazon is selling at  $1,1000 a share.

NorthReport

A Lot of “Ethical Consumers” Are Going to Make Really Unethical Shopping Choices

Recent reporting reveals the human toll behind fast and easy online orders.

http://www.motherjones.com/politics/2017/11/a-lot-of-ethical-consumers-a...

Mr. Magoo Mr. Magoo's picture

It sounds like "pickers" at Amazon have a pretty crappy job.  But if anyone could replace them with drones, it's Amazon.  If that happens, will we mourn the loss of these crappy jobs, or will it be like when washing machines were invented and nobody got nostalgic for the washboard?

NorthReport
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NorthReport

$1,204.

Up $18 this morning.

The analysts who have been forecasting bewteen $1,300 and $1,500 will soon be rewriting their forecasts upwards again, and again, and again.

NorthReport
NorthReport

Amazon Focuses on Machine Learning to Beat Cloud Rivals

https://www.bloomberg.com/news/articles/2017-11-29/amazon-shows-new-clou...

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