Comment by lotsofpulp
Comment by lotsofpulp 4 days ago
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.
It depends on what you mean by "what happened". If what you're talking about happening to those companies is how much money they make, you're totally right.
That said, your reply is a bit of a non sequitur. The thread is largely about answering the question of "why do you work at Amazon?", and I haven't seen anyone saying the answer is because of how much money Amazon makes. I also haven't seen anyone say they quit because Amazon appears to be on the same financial trajectory as GE or Boeing.
I bet you a tonne of people would agree that there's a culture shift away from valuing the experience of the boots-on-the-ground operational folk at all of those companies, which is why they don't want to work there.