$Amazon (AMZN.US)$ $AMZN Their reckless spend on entertain...
$AMZN
Their reckless spend on entertainment is getting ridiculous. NBA, NFL, “Hollywood”, Prime Video, etc. is so wasteful. It increases the value of prime but I don’t think retention is an issue.
The price of prime needs to increase if they’re going to keep spending on things like this, I don’t think most customers will care but there is a group that will.
Management has no clue what they’re doing but I think Bezos might be behind a lot of this entertainment spend. He’s on the board and sits as chairman so he still has plenty of influence.
Their reckless spend on entertainment is getting ridiculous. NBA, NFL, “Hollywood”, Prime Video, etc. is so wasteful. It increases the value of prime but I don’t think retention is an issue.
The price of prime needs to increase if they’re going to keep spending on things like this, I don’t think most customers will care but there is a group that will.
Management has no clue what they’re doing but I think Bezos might be behind a lot of this entertainment spend. He’s on the board and sits as chairman so he still has plenty of influence.
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