{"id":176627,"date":"2023-06-08T13:39:34","date_gmt":"2023-06-08T13:39:34","guid":{"rendered":"https:\/\/precoinnews.com\/?p=176627"},"modified":"2023-06-08T13:39:34","modified_gmt":"2023-06-08T13:39:34","slug":"amazon-management-loses-control","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/amazon-management-loses-control\/","title":{"rendered":"Amazon Management Loses Control"},"content":{"rendered":"
An analyst who covers Amazon wrote a letter to management. In essence, it said the company has moved in so many directions that it is out of control. \u201cBut what we\u2019ve seen recently is a company simply pursuing too many ideas, with weaker ideas taking away the oxygen, capital, and most importantly focus from the truly disruptive initiatives that \u2018only Amazon can do,\u2019\u201d Mark Shmulik, an analyst at the investment bank Bernstein, wrote. And he is right. (These companies have the best reputations.)<\/p>\n
Amazon\u2019s only real success is in two areas and has been for years. The first is its huge e-commerce business, the largest in America and one of the largest in the world. The other is its highly profitable cloud business, Amazon Web Services, also the largest in the world. Jassy added too many costs to Amazon, particularly in distribution infrastructure, but that is a problem he can fix.<\/p>\n
Amazon is in businesses that range from grocery stores (Whole Foods) to doorbells (Blink). Each has to be managed and is too small to be worth the effort.<\/p>\n \t\t\t\t