Bitcoin Forum
December 11, 2018, 03:53:45 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Amazon.com Announces Fourth Quarter Sales up 38% to $60.5 Billion  (Read 15 times)
Hydrogen
Hero Member
*****
Offline Offline

Activity: 994
Merit: 688



View Profile
February 02, 2018, 02:33:23 AM
 #1

Quote
Amazon.com, Inc. (AMZN) today announced financial results for
its fourth quarter ended December 31, 2017.

Operating cash flow increased 7% to $18.4 billion for the trailing
twelve months, compared with $17.3 billion for the trailing twelve
months ended December 31, 2016. Free cash flow decreased to $8.4 billion
for the trailing twelve months, compared with $10.5 billion for the
trailing twelve months ended December 31, 2016. Free cash flow less
lease principal repayments decreased to $3.4 billion for the trailing
twelve months, compared with $6.5 billion for the trailing twelve months
ended December 31, 2016. Free cash flow less finance lease principal
repayments and assets acquired under capital leases decreased to an
outflow of $1.5 billion for the trailing twelve months, compared with an
inflow of $4.7 billion for the trailing twelve months ended December 31,
2016.

https://finance.yahoo.com/news/amazon-com-announces-fourth-quarter-210100782.html

....

For those who wonder why retailers like Sears and Sam's Club shut down, this is part of the explanation.

Walmat and amazon's greater efficiency earned by cutting middle men out of their supply to distribution chain gives them an advantage making it difficult for rivals to compete in global markets. Old news. Nothing shocking about that.

Where things could get interested is, bitcoin's paradigm shift from "trust based" to "trustless" systems could have a similar effect. It could cut middle men out of bitcoin's infrastructure, making it more efficient and superior to classical financial systems like banks.

100% New Software
PC, Mac, Android, & HTML5 Clients
Krill Rakeback
Low Rake
Bitcoin Poker 3.0
Bad Beat Jackpot
SwC Poker Relaunch
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1544500425
Hero Member
*
Offline Offline

Posts: 1544500425

View Profile Personal Message (Offline)

Ignore
1544500425
Reply with quote  #2

1544500425
Report to moderator
1544500425
Hero Member
*
Offline Offline

Posts: 1544500425

View Profile Personal Message (Offline)

Ignore
1544500425
Reply with quote  #2

1544500425
Report to moderator
ClayDouglas
Jr. Member
*
Offline Offline

Activity: 97
Merit: 1


View Profile
February 02, 2018, 03:04:35 AM
 #2

I don't know how I feel about this. In a sense Amazon deserves it, because they have preceded in a genius way. And their service is good. But it's basically killing all competition.

At least we don't have stores fanboys on the internet. (I was imagining somebody responding with a fanboy type of response.)

★ PRiVCY ➢ Own Your Privacy! ➢ Best privacy crypto-market! ★
✈✈✈[PoW/PoS]✅[Tor]✅[Airdrop]✈✈✈ (https://privcy.io/)
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!