Is this Jeff Bezos' jump-the-shark moment?

[stevegee58]

Raising that Saturn V rocket from the ocean floor probably cost more than the Washington Post.

 

[PoundTheRock]

Funny, I've heard a lot of stories lately about Amazon Seller Services cracking down and shutting people's accounts down for no reason with strong-arm tactics. Hubris... watch the next few years.

 

[stevegee58]

Quote from PoundTheRock:

Funny, I've heard a lot of stories lately about Amazon Seller Services cracking down and shutting people's accounts down for no reason with strong-arm tactics. Hubris... watch the next few years.

There's always a reason. It's bad business to act arbitrarily like that (unless you're the gubment).

The same thing goes on at eBay. Sellers violate some TOU clause, get frozen and go crying to the message boards about how unfair they are. Paypal (really = eBay) does the same thing.

There's a lot of fine print in the TOU for these services. It's pretty easy to naively trigger some red flag that makes you look like a money launderer, international terrorist or whatever.

 

[pikachu9]

Quote from newwurldmn:

All the time.
Especially when it's less than 1% of your net worth.

Right, a conservative move for Bezos.

Quote from Ash1972:
Can you show me any of these trophy purchases that took place in March 2009? When they would have been fantastic value.

AMZN stock has increased 6x since 3/2009.
WPO up 2x since 3/2009.

 

[Ash1972]

Can you show me any of these trophy purchases that <b>took place in</b> March 2009? When they would have been fantastic value.

Agreed, WPO is less of a bubble than AMZN but my question has not been answered.

 

[jem]

I believe that was the Washington Times.

Quote from marketsurfer:

Didn't cult leader sun yun moon own that paper?

 

[nkhoi]

Quote from Ash1972:

Can you show me any of these trophy purchases ..

WP was not a trophy, their sale people berged me to take free subs but I told them no.

 

[Ash1972]

Quote from nkhoi:

WP was not a trophy, their sale people berged me to take free subs but I told them no.

Yes, I meant 'trophy' in the sense that Tumblr was a trophy..

 

[newwurldmn]

The NJ Nets were sold in 2009 the the russian guy. The markets were overvalued in 2009!

Bezos spending a tiny fraction of his wealth to buy an American institution is not the sign of a top.

I know you are bearish. But stop looking at every signal as sell signal will cloud your judgement.

 

[Ash1972]

Bezos' business is not buying American institutions. This is an 'ego' purchase. It reminds me of ebay buying that offline auction house.