Jeff Bezos sets to be a trillionaire during this pandemic

[Yourhomeboy]

Jeff Bezos has made bank during this stay at home period, everybody get their stuffs from Amazon and it seems to be one of the active companies operating now. I have seen a lot of people complaining that he doesn't pay his workers well. Those it mean he is making a profit out from his workers salaries?

Elizabeth Warren tweeted:

While Jeff Bezos is on track to become the world’s first trillionaire in the middle of a pandemic, Amazon is ending overtime pay for warehouse and delivery workers on the front lines. This is immoral.

Trying to end workers harzard pay is uncalled for, this people worked during this period of risk and death and what they are getting in return is cutting their stipends. This may be for a reason i don,t know about but workers should not be treated this way for personal gain or what so ever. 

what do you think.

[1714911298]

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[Gyfts]

He's not going to become a trillionaire any time soon, and Bezos's company is what is keeping the U.S afloat right now. How many people are ordering things from Amazon now oppose to stepping out and potentially spreading the virus? If you're immunocompromised, are you going to go in stores shopping, or shop online?

I don't understand why Warren would tweet something so stupid unless it was in bad faith. Amazon has created thousands of jobs during his pandemic while other companies are laying off workers. I guess it's Jeff Bezos's fault that people voluntarily use his service.

By design, the lockdowns destroy all small businesses and consolidate power around amazon, walmart, costco.  If you lose your job, don't worry, you can just go work for Bezos.   Anyone who tries to work for theirself will be arrested.   This will not end until they control the entire economy.

It isn't by design. Department stores are giant corporations and their stock is plummeting. Airline companies, which have a lot of lobbying power, their stocks are plummeting.

Large companies are only surviving because they have the capital to survive for a few months of little to no revenue. Companies like Walmart and Amazon are companies tied into essential services, so of course they're going to thrive during a pandemic.

[coins4commies]

By design, the lockdowns destroy all small businesses and consolidate power around amazon, walmart, costco.  If you lose your job, don't worry, you can just go work for Bezos.   Anyone who tries to work for theirself will be arrested.   This will not end until they control the entire economy.

[tvbcof]

By design, the lockdowns destroy all small businesses and consolidate power around amazon, walmart, costco.  If you lose your job, don't worry, you can just go work for Bezos.   Anyone who tries to work for theirself will be arrested.   This will not end until they control the entire economy.

They will 'give us communism' first.  Probably what they will do is to have us 'take communism' from them in some sort of a 'communist revolution' amidst much 'struggle' and many crocodile tears.  It's not hard to guess who will be in control the Politburo.

[TECSHARE]

By design, the lockdowns destroy all small businesses and consolidate power around amazon, walmart, costco.  If you lose your job, don't worry, you can just go work for Bezos.   Anyone who tries to work for theirself will be arrested.   This will not end until they control the entire economy.

Careful, you are starting to sound like a capitalist.

[akram143]

Jeff Bezos has made bank during this stay at home period, everybody get their stuffs from Amazon and it seems to be one of the active companies operating now. I have seen a lot of people complaining that he doesn't pay his workers well. Those it mean he is making a profit out from his workers salaries?

Elizabeth Warren tweeted:

While Jeff Bezos is on track to become the world’s first trillionaire in the middle of a pandemic, Amazon is ending overtime pay for warehouse and delivery workers on the front lines. This is immoral.

Trying to end workers harzard pay is uncalled for, this people worked during this period of risk and death and what they are getting in return is cutting their stipends. This may be for a reason i don,t know about but workers should not be treated this way for personal gain or what so ever. 

what do you think.

Actually people are doing this on their own, company doesn't force them to work in this pandemic but they are recruiting more employees even in this pandemic but they are calling every employee as partner not as worker.

[squatz1]

Whoever started the trend of 'Jeff Bezos' is going to be trillionaure during this pandemic sure is pretty god damn stupid. Even if they're saying that he's going to be trillionaire in the next couple years. The model that they used to estimate when Bezos is going to be trillionaire is a mode that uses the growth of Amazon stock for the past x amount of years, and says that it will continue forever (pretty much).

That's not sustainable, and Amazon stock can't go up forever. If it did, then yes Bezos would become a trillionare at some point, but before this happened the stock market would be on a god damn TEAR throughout this time.

I have to find a chart of what his net worth is in. I know about 34b is in Amazon stock, though he does have stock in his SpaceX type company too.

[20kevin20]

Whoever started the trend of 'Jeff Bezos' is going to be trillionaure during this pandemic sure is pretty god damn stupid. Even if they're saying that he's going to be trillionaire in the next couple years. The model that they used to estimate when Bezos is going to be trillionaire is a mode that uses the growth of Amazon stock for the past x amount of years, and says that it will continue forever (pretty much).

That's not sustainable, and Amazon stock can't go up forever. If it did, then yes Bezos would become a trillionare at some point, but before this happened the stock market would be on a god damn TEAR throughout this time.

I have to find a chart of what his net worth is in. I know about 34b is in Amazon stock, though he does have stock in his SpaceX type company too.

I have a question for you: since the beginning of this pandemic & lockdown, where have you spent your money so far? I can only name around 5 places, and they're all some of the largest businesses in my country. It's not all about stocks. Money is only flowing from citizens to the large corporations and that's how their wealth increases beyond imagination.

The fact that we're being basically constrained to only go to "essential businesses" makes us basically go to large corporations and companies and pay them for the stuff we want to buy. And for UK and US, what's easier & more comfortable than entering a website where you'd find literally anything from so many companies? It's much easier to join Amazon and check multiple prices and sellers than go over 10 different websites to do the same thing, which is more time-consuming.

It's been somehow turned all the way from "only essential businesses will stay open" to "only corporations will survive". I think Amazon would be able to resist even a 6 month closure much easier than a local shop would be able to survive half the timeframe.

[BADecker]

Whoever started the trend of 'Jeff Bezos' is going to be trillionaure during this pandemic sure is pretty god damn stupid. Even if they're saying that he's going to be trillionaire in the next couple years. The model that they used to estimate when Bezos is going to be trillionaire is a mode that uses the growth of Amazon stock for the past x amount of years, and says that it will continue forever (pretty much).

That's not sustainable, and Amazon stock can't go up forever. If it did, then yes Bezos would become a trillionare at some point, but before this happened the stock market would be on a god damn TEAR throughout this time.

I have to find a chart of what his net worth is in. I know about 34b is in Amazon stock, though he does have stock in his SpaceX type company too.

I have a question for you: since the beginning of this pandemic & lockdown, where have you spent your money so far? I can only name around 5 places, and they're all some of the largest businesses in my country. It's not all about stocks. Money is only flowing from citizens to the large corporations and that's how their wealth increases beyond imagination.

The fact that we're being basically constrained to only go to "essential businesses" makes us basically go to large corporations and companies and pay them for the stuff we want to buy. And for UK and US, what's easier & more comfortable than entering a website where you'd find literally anything from so many companies? It's much easier to join Amazon and check multiple prices and sellers than go over 10 different websites to do the same thing, which is more time-consuming.

It's been somehow turned all the way from "only essential businesses will stay open" to "only corporations will survive". I think Amazon would be able to resist even a 6 month closure much easier than a local shop would be able to survive half the timeframe.

Since we are lockedown and shutdown, money IS only flowing to the big corporations. But when we run out of money, or when they run out of product, all that flow will stop.

As we are opening up and going back to work, the money is flowing back to the workers. Some corporate leaders will absolutely get wealthier. But some other corporations will shut down.

In addition, the unnamed tiny businesses will thrive with people helping people, especially when the money runs out. Remember the co-ops of the '30s and '40s depression time. People lived by bartering, without money. It has never stopped. If money fails, co-ops will grow.

[squatz1]

Whoever started the trend of 'Jeff Bezos' is going to be trillionaure during this pandemic sure is pretty god damn stupid. Even if they're saying that he's going to be trillionaire in the next couple years. The model that they used to estimate when Bezos is going to be trillionaire is a mode that uses the growth of Amazon stock for the past x amount of years, and says that it will continue forever (pretty much).

That's not sustainable, and Amazon stock can't go up forever. If it did, then yes Bezos would become a trillionare at some point, but before this happened the stock market would be on a god damn TEAR throughout this time.

I have to find a chart of what his net worth is in. I know about 34b is in Amazon stock, though he does have stock in his SpaceX type company too.

I have a question for you: since the beginning of this pandemic & lockdown, where have you spent your money so far? I can only name around 5 places, and they're all some of the largest businesses in my country. It's not all about stocks. Money is only flowing from citizens to the large corporations and that's how their wealth increases beyond imagination.

The fact that we're being basically constrained to only go to "essential businesses" makes us basically go to large corporations and companies and pay them for the stuff we want to buy. And for UK and US, what's easier & more comfortable than entering a website where you'd find literally anything from so many companies? It's much easier to join Amazon and check multiple prices and sellers than go over 10 different websites to do the same thing, which is more time-consuming.

It's been somehow turned all the way from "only essential businesses will stay open" to "only corporations will survive". I think Amazon would be able to resist even a 6 month closure much easier than a local shop would be able to survive half the timeframe.

Amazon, Ebay, Walmart, Target, etc.

All online. So indirectly UPS, Fedex, USPS as well. Plus the logistics companies if you want to include them as well.

But that's not how this is going -- No one has said or wants only big companies to survive or just Amazon to survive. But you have to understand that the only reason that Amazon is able to survive is because they've innovated to get here and have got the trust of the customers through amazing customer service and product choice. Amazon is able to survive because they can still get products to customers, if a small business owner set up their own website and had great shipping and whatever they'd probably be able to survive as well.

But the piece about Bezos becoming a trillionaire is bullshit, come on.

[20kevin20]

Remember the co-ops of the '30s and '40s depression time. People lived by bartering, without money. It has never stopped. If money fails, co-ops will grow.

Of course! It'll never go away as people have varying needs.

Amazon, Ebay, Walmart, Target, etc.

All online. So indirectly UPS, Fedex, USPS as well. Plus the logistics companies if you want to include them as well.

But that's not how this is going -- No one has said or wants only big companies to survive or just Amazon to survive. But you have to understand that the only reason that Amazon is able to survive is because they've innovated to get here and have got the trust of the customers through amazing customer service and product choice. Amazon is able to survive because they can still get products to customers, if a small business owner set up their own website and had great shipping and whatever they'd probably be able to survive as well.

But the piece about Bezos becoming a trillionaire is bullshit, come on.

Well, the same reason Amazon is able to survive is the one for which Bezos is going to earn a ton of money off this pandemic. Specifically due to the fact that he gained customers' trust and attracted them to his business, lots of people will choose Amazon over any other platform.

I personally do not think him going trillionaire is a far-fetched scenario. Just imagine one thing: if half the American population would buy stuff worth $1k off Amazon in the following month, there you have more than $150B going straight to Amazon. He probably won't become a trillionaire soon, but there'll be a day when the first guy to have twelve zeros will hit the headlines and considering the continuous explosion of his sales, he may be the first one to do so.

[squatz1]

Remember the co-ops of the '30s and '40s depression time. People lived by bartering, without money. It has never stopped. If money fails, co-ops will grow.

Of course! It'll never go away as people have varying needs.

Amazon, Ebay, Walmart, Target, etc.

All online. So indirectly UPS, Fedex, USPS as well. Plus the logistics companies if you want to include them as well.

But that's not how this is going -- No one has said or wants only big companies to survive or just Amazon to survive. But you have to understand that the only reason that Amazon is able to survive is because they've innovated to get here and have got the trust of the customers through amazing customer service and product choice. Amazon is able to survive because they can still get products to customers, if a small business owner set up their own website and had great shipping and whatever they'd probably be able to survive as well.

But the piece about Bezos becoming a trillionaire is bullshit, come on.

Well, the same reason Amazon is able to survive is the one for which Bezos is going to earn a ton of money off this pandemic. Specifically due to the fact that he gained customers' trust and attracted them to his business, lots of people will choose Amazon over any other platform.

I personally do not think him going trillionaire is a far-fetched scenario. Just imagine one thing: if half the American population would buy stuff worth $1k off Amazon in the following month, there you have more than $150B going straight to Amazon. He probably won't become a trillionaire soon, but there'll be a day when the first guy to have twelve zeros will hit the headlines and considering the continuous explosion of his sales, he may be the first one to do so.

The piece isn't bullshit because it said that they think that online shopping will continue to grow and that Amazon is the main player here and has been doing a considerable amount to continue this growth. The piece is bullshit because it took Amazons stock growth over the time period, and extrapolated it to the future which isn't fair to do.

You need Amazon to be like a 10-15k stock by the end of this to get close to what they're expecting, which I mean I guess is POSSIBLE -- but you're going to need a lot of money being invested (by regular everyday people, pension funds, rich people, etc) to get to that point.

[Naida_BR]

By design, the lockdowns destroy all small businesses and consolidate power around amazon, walmart, costco.  If you lose your job, don't worry, you can just go work for Bezos.   Anyone who tries to work for theirself will be arrested.   This will not end until they control the entire economy.

I agree. And this happens due to the economies of scale.
Big businesses are stronger to endure the higher costs during the pandemic while small businesses cannot afford it.
This way, they are getting a bigger market share leading to a closure for small businesses.

[Bezobraznike]

   I read this topic and that reminded me from the article I read this morning!
-American billionaires got $434 billion richer during the pandemic! Source: https://www.cnbc.com/2020/05/21/american-billionaires-got-434-billion-richer-during-the-pandemic.html][url]https://www.cnbc.com/2020/05/21/american-billionaires-got-434-billion-richer-during-the-pandemic.html[/url]
   It's connected. This system is made for rich people to get richer! There is no help for this economy to become
honest for all of us! Many small businesses are shutting down their stores, looks like that entire world will
work for small group of people! And like that Bezos they will not pay fair to workers!

[merchantofzeny]

Not probably any time soon but if your business model revolves around selling digital stuff and delivering goods to people stuck at home, yes you definitely benefit from pandemics. I don't understand trying to remove hazard pay though, there's still the risk of catching the virus from all those items they are handling.

By design, the lockdowns destroy all small businesses and consolidate power around amazon, walmart, costco.  If you lose your job, don't worry, you can just go work for Bezos.   Anyone who tries to work for theirself will be arrested.   This will not end until they control the entire economy.

I agree. And this happens due to the economies of scale.
Big businesses are stronger to endure the higher costs during the pandemic while small businesses cannot afford it.
This way, they are getting a bigger market share leading to a closure for small businesses.

Not just pandemics. Every time minimum wage is increased, it's small business that suffer since they already make less to begin with. Which mean more of them folding.

Outside that I believe these large retailers would even sell items at a loss to drive small stores out of business, at which case they'll then raise their prices back since they're the only retailer left in the area.

[CAUTIONED]

When did Warren have anything smart to say to begin with?

[Ladysmith]

Hope he enjoys it while it lasts. All empires fall and Jeff himself predicted that Amazon will probably go bankrupt.

https://virieprojectblog.com/on-the-inevitable-demise-of-amazon/

Once the normies are comfortable with safe and user-friendly decentralized markets, (such as Virie), Amazon won't be in business.

Amazon's flaws:


-Your data can be shared.

-You can't do business anonymously.

-They decide what can be bought or sold (non-politically correct books are often banned, etc.)

-Your account can be hacked more easily.

-Bank accounts are required.

-Not all currencies are accepted

-Subjected to government regulations. (might does not make right)

-As a seller, there are holds on your payout. (only paid once every two weeks = bad cash flow)

-Both buying and selling accounts can be banned.

[roberthays]

Some things he does are quite questionable indeed but let's not forget, his business is helping the economy and in general entrepreneurs that are in the spotlight come under scrutiny frequently.

[sashat45]

Amazon has always had a reputation as a not-so-conscientious employer.