I'm overweight Amazon but considering selling at least at least half. I don't see innovation and growth coming after Jassy resorted to old school command and control management and has angered the top talent. Contrast Nvidia relies on leadership rather than power and has been able to continue to innovate with flexible work policies. I'm more optimistic moving more money to a company with motivated employees and a leader with a vision for innovation.
Jassy is a failure grasping at a scapegoat. I hope the board sees this soon and replaces him for the sake of shareholders.
Update: My investment premise is:
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Work has evolved. CEOs who spend resources such as time and energy attempting to run time backwards will eventually hurt profits.
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Resorting to authoritarian type leadership is almost always disguising something rotting under the surface.
Selling Amazon – Jassy is a failure grasping at a scapegoat
byu/Quirky_Peanut_2351 inwallstreetbets
Posted by Quirky_Peanut_2351
14 Comments
He’s easily replaced if the stock suffers, so far it looks like the market likes/is indifferent to the bean counter lizard man
Jazzy sucks, fuck even spelling his name right. Andiii
He’s just a nice guy. He is giving all the employees prime for free starting next year.
Strange, he was the one who built AWS which is Amazon’s cash cow.
Business is pioneer and innovating data center, cloud, etc still today.
Tech guy here. Every company I know is doing this, if not fully partially. And usually full RTO for new employees
The market and fundamentals do not care about RTO.
So you are selling because he wants people to work in person…. Nice choice
Well i mean take that bet if you want. I’m sure it will be a mistake in the long term.
Walk through how you see this move hurting the stock? Its basically a 4D chess layoff round. Amazon’s days of big growth and innovation are over, it’s a $2T market cap company. They are just a cash generation machine now, so putting a galaxy brain spin on regular old cost cutting is a logical move.
Dont get me wrong, as a human being and remote worker this move makes me scowl, but from a business POV it makes sense.
I don’t know about your prediction but I’d beat the shit out of Andy if I could
This was meta’s script in 2023 which propelled meta to ATH
The board will agree with him. That is the Amazon culture.
Yea screw these guys:
**Strong BuyBased on 47 analysts offering recommendations for ‘AMZN’.**
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Amazon used to be customer driven. But now they’re an AI company instead. Trying to fit everything into AI with a tech first approach.