Showing posts with label Bezos. Show all posts
Showing posts with label Bezos. Show all posts

Monday, November 6, 2017

Bezos Calls The Top? Sells $1.1 Billion Of Amazon Stock At Record Highs

Is the world"s richest man starting to get a little concerned that his $90 billion fortune in Amazon stock might just be fully valued?  Well, judging by his SEC disclosures from last Friday, Bezos provided investors with roughly 1.1 billion reasons why the answer to that question may be a resounding "yes".


As Bloomberg points out, Bezos sold a total of 1 million Amazon shares over the course of three days last week netting roughly $1.1 billion in proceeds.  The sale represented just 1.3% of Bezos" total stake in Amazon and leaves him with 16.4% of the company"s shares outstanding.


Bezos


Of course, the stock sales came after Amazon beat earnings estimates the week prior (see: Amazon Soars Above $1,000 After Smashing Expectations) and pushed the stock to new all-time highs.  As an added benefit, the move also once again thrust Bezos ahead of Bill Gates on the Billionaire leader board.



Of course, Bezos previously reported that he would sell $1 billion a year in Amazon stock to fund his Blue Origin LLC, the rocket company fueling his dream of sending people into space.  That said, this was Bezos" second $1 billion sale in a matter of 6 months so perhaps Blue Origin just needed a little extra cash this year?


Then again, maybe this is just "tax planning" or "diversification" or any of the many other excuses executives give for selling their own stock...certainly it has nothing to do with Amazon"s 282x P/E ratio...









Saturday, July 29, 2017

Paul Craig Roberts Questions "What Really Explains Amazon.com's Share Price?"

Authored by Paul Craig Roberts,


PCR Takes a Look at Today’s “Top Stories” on Bloomberg





“Jeff Bezos briefly overtook Bill Gates as the world’s richest person. A surge in Amazon shares Thursday morning in advance of its earnings report gave Bezos a net worth of $92.3 billion, surpassing the Microsoft founder’s $90.8 billion fortune.





In afternoon trading, Bezos remains ranked second on the Bloomberg Billionaires Index. Gates has held the top spot since May 2013.”



Amazon’s stock closed yesterday at $1,046 per share. Amazon’s profits do not support this extraordinary price. Apple, a very profitable company, has a share price of $150.56, an overprice itself.


What or who is making Bezos so rich from an online sales company? Note, amazon.com is just sales. It is not some new manufacturing technology that produces valuable output at low cost. amazon.com is what Walmart, Sears, and Macy’s do, the difference being that amazon.com is online and Walmart, Sears, and Macy’s are in physical locations where real merchandise can be experienced hands on and tried on for fit.


In other words, online purchases are convenient, but you don’t know what you are getting. Does it fit? What is the quality? And so forth. How many times do you send it back before you get what you want?



There are two answers to the question about who is making Bezos rich.





One is that Wall Street is betting that the collapse of US anti-trust law and regulatory authority - it is still on the books but not enforced, just look at the Big Banks - and the ability of Bezos to use his ownership of the Washington Post, the newspaper of the country’s capital, to support those who support him, ensure that amazon.com will be an online monopoly. Once this is put in place, amazon’s prices and profits will rise, and the extraordinary amazon.com P/E ratio will come into line with reality.



Another is that Bezos’ cooperation with Washington’s spy network over all Americans is paid for by the CIA’s many front companies driving up the price of amazon.com’s stock. As the price of amazon.com rises, so does Bezos’ wealth.



[ZH: perhaps there is another reason related to the latter...]





I don’t know that either of these answers is correct. What I notice is that Bill Gates who heads the largest digital technology company is on occasion second fiddle to Bezos who heads an online Sears or Macy’s.


Apple with a share price of $150 earned $52.9 billion during the second quarter of 2017. Earnings per share were $2.10.


Amazon.com earned $38 billion. Earnings per share were 40 cents.


Why is amazon.com’s price $1,046 per share and Apple’s price is $150.56 per share.


Apple’s earnings per share are 5.25 times higher than amazon’s, but amazon’s stock price is 6.9 times higher than Apple’s. What explains this?


The free market answer is that amazon.com, a company that sells other companies’ products, is more promising than a high tech leading manufacturing company of our time.


Does that make sense to you?


Keep in mind that it was Bezos’ government propaganda sheet, the Washington Post, that gave credibility to the shadowy organization, PropOrNot, an entity better hidden than an offshore money laundering operation, that produced a list of 200 truth-tellers which it libeled as “Russian dupe/agent.”


Monopolies are inconsistent with free market capitalism and with democracy. Monopolies and government bond together to create fascism.

Friday, June 23, 2017

Visualizing The Jeff Bezos Empire In One Giant Chart

With a fortune largely tied to his 78.9 million shares of Amazon, the net worth of Jeff Bezos continues to be on the rise.


Just days ago, Amazon shares reached all-time highs after the company’s ambitious acquisition of Whole Foods. This puts Bezos just $4 billion away from displacing Bill Gates as the world’s number one billionaire – and if the stock continues upwards, he could take the title any day.


We’ve previously showed how Bezos built Amazon from scratch, but as Visual Capitalist"s Jeff Desjardins explains, today’s infographic focuses on the extent and reach of Jeff Bezos and his Amazon Empire.





ALL STREAMS LEAD TO AMAZON


Jeff Bezos makes investments and acquisitions through multiple vehicles:





Amazon makes acquisitions and investments that relate to the company’s core business and future ambitions. This includes acquisitions of Whole Foods ($13.7 billion in 2017), Zappos.com ($1.2 billion in 2009), Twitch.tv ($970 million in 2014), and Kiva Systems ($780 million in 2012). It also includes investments in everything form failed dot-com company Kozmo.com (2000) to Twilio, which successfully IPO’d in 2016.



Bezos Expeditions manages Jeff Bezos’ venture capital investments. Over the years, this venture arm has put money into Twitter, Domo, Juno Therapeutics, Workday, General Fusion, Rethink Robotics, Business Insider, MakerBot, and Stack Overflow. More recent investments include GRAIL, a startup that recently raised over $900 million to cure cancer before it happens, as well as EverFi, an edtech startup.



Jeff Bezos also invests money on a personal level. He was an angel investor in Google in 1998, and has also put money in Uber and Airbnb. (Note: these last two companies are listed on the Bezos Expeditions website, but on Crunchbase they are listed as personal investments.)



Nash Holdings LLC is the private company owned by Bezos that bought The Washington Post for $250 million.



Bezos Family Foundation is run by Jeff Bezos’ parents, and is funded through Amazon stock. It focuses on early education, and has also made an investment in LightSail Education’s $11 million Series B round.



It’s also worth noting that Jeff Bezos is the founder of Blue Origin, an aerospace company that is competing with SpaceX in mankind’s final frontier.


EARLY GROCERY AMBITIONS


While the Whole Foods acquisition is the latest talking point for Amazon, it is certainly not the company’s first foray into the groceries business.


Interestingly enough, the company actually invested heavily in HomeGrocer.com in 1999, a company that delivered groceries from large warehouses to homes. Sales peaked at $1.5 million per day, but unfortunately HomeGrocer couldn’t make it through the Dot-com bust.


This postponed Amazon’s grocery ambitions, but it wouldn’t stop them.

Friday, June 16, 2017

No Wonder the Washington Post Is Fawning Over the Intelligence Community

The Washington Post has been one of the two main establishment papers in the U.S. for a while.


But it’s gotten ridiculously pro-intelligence community in the last couple of years, fawning over the intelligence agencies and quoting “anonymous sources” from the IC every single day.


The Post is owned by Jeff Bezos, who runs Amazon.  And Bezos has been molding the Post’s direction since he bought it.


Amazon, in turn, has been working with the CIA since 2014 to provide the agency’s cloud computing needs.


The company just launched a cloud-based service for many American intelligence agencies.


Gawker reports that Amazon’s contract with the intelligence agencies will run for an initial period of 10 years.


Bezos – already one of the world’s richest men – may soon become THE world’s richest man.


He’s also a ruthless businessman. Matthew Phelan notes at Gawker:





Megalomaniacal internet retailer Amazon began as an online seller of books—as CEO Jeff Bezos once explained it to a horrified Kansas City bookseller—because it allowed the company to gather data on affluent, educated shoppers. Their latest customer is the entire intelligence apparatus of your democracy. Checkmate!



***



Jeff Bezos, who originally wanted to call his company relentless.com, lords over Amazon with “ice water running through his veins” according to Bloomberg Businessweek reporter Brad Stone. “He’s ruthless. He identifies competitors and he can crush them” ….



When Amazon decided to initiate a program of exerting pressure on vulnerable book publishers for better shipping terms and higher promotional fees, it was known internally as the Gazelle Project after Bezos decreed “that Amazon should approach these small publishers the way a cheetah would pursue a sickly gazelle.”



***



In Lehigh Valley, Pennsylvania, the conditions at one of Amazon’s main warehouses and distribution hubs was so bad in the scorching summer heat of 2011 that the company hired Cetronia Ambulance Corps to have ambulances and paramedics on stand-by. An emergency room doctor at Lehigh Valley Hospital-Cedar Crest reported Amazon to the U.S. Occupational Safety and Health Administration (OSHA) after having had enough of treating their employees for heat-related injuries. Air conditioning did not arrive at the warehouse until it also started to store and ship groceries.



But nothing we discussed above could possibly affect the Post’s reporting on the intelligence community … now could it?

Thursday, March 30, 2017

Bezos Bursts Above Buffett To Become World's Second Richest Man

On the heels of the melt-up in US mega-cap tech stocks, Amazon founder Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second-richest person.





As Bloomberg reports, the 53-year-old founder of Amazon.com Inc. added $1.5 billion to his net worth on Wednesday, the day after the e-commerce giant announced it will buy Dubai-based online retailer Souq.com, and has added over $7 billion since the global equities rally began following the election of Donald Trump as U.S. president on Nov. 8.


Bezos has a net worth of $75.6 billion on the Bloomberg Billionaires Index. That’s $700 million more than Berkshire Hathaway Inc.’s Buffett and $1.3 billion above Ortega, the founder of Inditex SA and Europe’s richest person. Buffett, who’s added $1.7 billion in 2017, has shed $4.7 billion since his fortune peaked at $79.6 billion on March 1. Ortega is up $2.1 billion year-to-date.


Bezos remains $10.4 billion behind Microsoft co-founder Bill Gates, the world’s richest person with $86 billion.


If AMZN topped $1000 - while MSFT flatlined - Bezos would take Gates.

Thursday, December 22, 2016

The CIA, Washington Post, And Russia: What You're Not Being Told

Submitted by Carey Wedler via TheAntiMedia.org,


According to an unsubstantiated article by the Washington Post, anonymous CIA officials have confirmed that the Russian government hacked the United States election to favor Donald Trump. Though it’s entirely possible the Russian government attempted to influence the election, the Post has been widely criticized — for the second time in a month — for its failure to follow basic journalistic practices. Nevertheless, the narrative is sticking.


But the outlet’s behind-the-scenes relationship with the CIA is nothing new. In 2013, a conflict of interest arose shortly after Jeff Bezos, founder and CEO of Amazon, purchased the newspaper. As the Nation reported at the time:





[Jeff Bezos] recently secured a $600 million contract from the CIA. That’s at least twice what Bezos paid for the Post this year. Bezos recently disclosed that the company’s Web-services business is building a ‘private cloud’ for the CIA to use for its data needs.



As this occurred, a petition calling on the Washington Post to disclose its new ties to the CIA when reporting on the agency garnered 30,000 signatures. According to the RootsforAction petition:





The Post often does reporting on CIA activities. The coverage should include full disclosure that the owner of the Washington Post is also the main owner of Amazon and Amazon is now gaining huge profits directly from the CIA.”



Robert McChesney of the Institute for Public Accuracy pointed out the glaring conflict of interest:





If some official enemy of the United States had a comparable situation—say the owner of the dominant newspaper in Caracas was getting $600 million in secretive contracts from the Maduro government—the Post itself would lead the howling chorus impaling that newspaper and that government for making a mockery of a free press. It is time for the Post to take a dose of its own medicine.



In its most recent article on the CIA’s claims of a Russian hack, the Post made no mention of its ties to the CIA. But while this connection calls into serious question the validity of a newspaper that claims to be a purveyor of “great journalism,” the connections are not enough to prove nefarious collaboration.


Unfortunately, however, history reveals actual collusion between the CIA and news outlets, including the Washington Post.


In 1977, Carl Bernstein, a former Post journalist, wrote about the CIA’s efforts to infiltrate the news media, often with the assistance of top management at the papers. In total, Bernstein reported, over 400 journalists were involved:





Journalists provided a full range of clandestine services—from simple intelligence gathering to serving as go?betweens with spies in Communist countries. Reporters shared their notebooks with the CIA. Editors shared their staffs. Some of the journalists were Pulitzer Prize winners, distinguished reporters who considered themselves ambassadors without?portfolio for their country…In many instances, CIA documents show, journalists were engaged to perform tasks for the CIA with the consent of the managements of America’s leading news organizations.”



Though Bernstein failed to name the Post as an offender in his article, according to Tim Weiner, a Pulitzer Prize-winning journalist, the CIA worked directly with the Washington Post, among many other outlets. In his comprehensive history of the CIA, Legacy of Ashes, Weiner wrote of the CIA’s first official chief, Allen Dulles:





Dulles kept in close touch with the men who ran the New York Times, The Washington Post, and the nation’s leading weekly magazines. He could pick up the phone and edit a breaking story, make sure an irritating foreign correspondent was yanked from the field, or hire the services of men such as Time’s Berlin bureau chief and Newsweek’s man in Tokyo.



He continued:





It was second nature for Dulles to plant stories in the press. American newsrooms were dominated by veterans of the government’s wartime propaganda branch, the Office of War Information.”



Dulles’ tenure lasted throughout the 1950s, and in 1954, for example, papers like the Washington Post and the New York Times promoted the narrative that Guatemala’s democratically-elected leader had ties to the Soviet Union and needed to be dealt with accordingly. The American news media helped create public support for a coup covertly backed by the CIA (interestingly, the Times also recently came out with an anonymously-sourced article claiming the CIA has determined Russia hacked the election). At the time, Frank Wisner, chair of the CIA’s Directorate of Plans — and whom Bernstein named as a key operator in the CIA’s relationship with news outlets — directly praised the Post’s piece.


Given this historical relationship, it’s no surprise that the Post and CIA have worked together in more recent decades.


In the 1990s, then-CIA Director Bill Casey appointed a man named Max Hugel as chief of the clandestine service, a small department within the CIA. But some agents disagreed with the appointment. Weiner explained:





They dug up dirt on him, fed it to the Washington Post, and forced him out in less than two months.”



Whether or not the Post knew it was being used as a tool of intrigue by agents within the CIA is of little consequence. At best, they acted as “useful idiots” for schemers within the agency; at best, they knowingly aided the internal machinations of a spy agency.


The Post again served as a platform for warring factions within the CIA during the Bush years, when agents rebelled against Porter Goss, the director who replaced George Tenet after he resigned. Goss had vowed to repair the agency’s broken reputation but angered other agents with his seemingly radical approach. According to Weiner, agents took to the Los Angeles Times to criticize Goss (the Los Angeles Times recently faced backlash after one of its journalists was caught sharing stories with CIA agents before publication). The agents also took to the Washington Post to smear Goss:





John McLaughin, who had held the agency together as acting director after Tenet’s resignation, delivered another riposte. The CIA was not ‘a dysfunctional and rogue agency,’ he wrote in the Washington Post. ‘The CIA was not institutionally plotting against the president.’”



Weiner notes that “in all the years that the agency had been battered in the press, never had the director been attacked in print, on the record, by the most senior veterans of American intelligence.”



The CIA also used its power in the media to silence a story published in the 1990s regarding the agency’s potential involvement in drug trafficking and the emergence of crack cocaine in black communities. Journalist Gary Webb had written an explosive investigative piece linking the agency to Contra fighters and the domestic drug market. Though the piece had shortcomings and reported on some already known information, as Peter Kornbluh of the Columbia Journalism Review noted, it was able to “revisit a significant story that had been inexplicably abandoned by the mainstream press, report a new dimension to it, and thus put it back on the national agenda where it belong[ed].


Six weeks after the story broke, the CIA’s PR machine struck back. The Intercept notes the “CIA watched these developments closely, collaborating where it could with outlets who wanted to challenge Webb’s reporting.”


The Intercept summarized the account of Nicholas Dujmovic, who was a staffer at the CIA Directorate of Intelligence at the time:





The agency supplied the press, ‘as well as former Agency officials, who were themselves representing the Agency in interviews with the media,’ with ‘these more balanced stories,’ Dujmovic wrote. The Washington Post proved particularly useful. ‘Because of the Post‘s national reputation, its articles especially were picked up by other papers, helping to create what the Associated Press called a “firestorm of reaction” against the San Jose Mercury News.’ Over the month that followed, critical media coverage of the series (‘balanced reporting’) far outnumbered supportive stories, a trend the CIA credited to the Post, The New York Times, ‘and especially the Los Angeles Times.’”



Given the CIA’s history of using media to accomplish both internal and external political goals, it’s possible — though admittedly wholly unconfirmed — this Post piece on Russia serves as yet another example of the clandestine agency using the paper as a tool to achieve its own ends.


Regardless, the Post continues to treat anonymous statements from the agency as fact, leading the way as countless other mainstream outlets parrot their narrative. Though it’s possible Russia did attempt to intervene in the U.S. election, there is little reason to trust information from an outlet with a history of collaborating with the agency spreading these claims.


Should any actual evidence of Russian hacking be produced, however, it’s likely the Post will be among the first to let us know.