Comment by hughesjj
Comment by hughesjj 4 days ago
Happened to MSFT, happened to Google, happened to Sears, happened to GE, happneed to Boeing, happened to IBM.
There's definitely been some rot in AWS, which has been holding off the collapse in most other areas. Honestly it seems the more top down leadership, no matter who, gets their hands involved in thr sausage making process, thats when things start to go awry.
Engineering companies success because of their engineering culture. Amazon has some of the besr in class. Keep the accountability that many other top tier companies lack, but otherwise imo get out of the way and let the ICs do their job.
What happened to Microsoft and Alphabet does not seem comparable to Sears, GE, Boeing, and IBM. The latter group have objectively declined in terms of profit and potential.
MS/GOOG are still earning near record amounts of net income with fat profit margins, and have a higher than ever market cap.
AMZN also, so far, has pretty rosy numbers to back it up. They’re profit margins are relatively tiny though, so the executives are focusing on increasing those to match its trillion dollar market cap.
It is the reason Amazon shareholders enjoy a $2T market cap rather than Walmart shareholders that only have a $650B market cap.