re: Jeff Bezos is more than $50 billion richer than he was in February

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Crony Capitalism at its worst

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Funny thing is, these guys are funding the commie-loving leftists.

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Bezos’ ex-wife MacKenzie has also been among the biggest gainers throughout the pandemic, thanks to her roughly 4% stake in Amazon. Her fortune, now $53.9 billion, jumped by $2 billion this week,

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Is he really a genius if he didn't have her sign a prenup?

What do you even do at the point of having 164 Billion dollars? I’d be doing some serious introspection about my place in the world and what I could do to help something, someone, etc.

It’s not very often a person can go, I’m going to improve X and solely has the ability to change outcomes just through application.

How is Netflix's stock worth so much?

With $3.3 billion in negative free cash flow in 2019 following on the $3.0 billion Netflix burned in 2018 and $2.5 in negative cash flow predicted for 2020, this business model does not work. Looked at another way, Netflix had 167 million subscribers at the end of 2019 versus 110.6 million at the end of 2017. But those 57 million subscribers came at the expense of $6.3 billion in cash burn. That means each subscriber cost about $110 in cash flow which is a similar amount to the average annual revenue generated per customer across the company’s disparate regions.

I doubt the value of it will last, they have lost most of their best shows due to the new streaming services. I'm going to start shorting it in 2021

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Amazon continued their months-long tear this week, rising by 4% and hitting another all-time high on Tuesday, after the firm announced a $2 billion venture capital fund, dubbed the Climate Pledge Fund, to invest in companies that are helping to reduce carbon emissions.

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And this is how you know Bezos if full of shite. He’s putting that $2 billion burden on the stockholders rather than funding himself, as the founder of amazon. On top of that, he might run the least sustainable business on the planet. Total joke.

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The frick are you going to do with 164.5 billion dollars? Call me a commie but I don’t think one guy needs that much money.

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Do people still think Billionaires just have all their billions sitting in a bank account somewhere?

good for Jeff. he should contribute more on taxes to help pay for the trump bux stimulus package. would help feds budget bc it's not looking great

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What do you even do at the point of having 164 Billion dollars?

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the thing is, he doesn't

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Yea at some point we are going to have to do something about people like Bezos, I know everyone here likes to fellate "muh free market" but allowing this a-hole to buy up everything has led us to this problem today.

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Which problem is that?

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Which problem is that?

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This one guy is buying up every aspect of the economy that he can. From manufacturing, to retail to grocery stores, to streaming, Amazon is getting their fingers in everywhere they can. He has to much wealth and power for one individual and has already shown he will use that to his and only his own benefit. If you dont see a problem with this you are deluded.