hyten1 Posted October 4, 2018 Share Posted October 4, 2018 oddball this is interesting, i am no expert, if this is true does it apply to individuals? so the company have to deny yet if you interview individual, the individual can confirm it ... anonymously? i need more info on this https://www.bloomberg.com/news/features/2018-10-04/the-big-hack-how-china-used-a-tiny-chip-to-infiltrate-america-s-top-companies Amazon chief security officer response to Businessweek article: https://aws.amazon.com/blogs/security/setting-the-record-straight-on-bloomberg-businessweeks-erroneous-article/ If they're received an NSL they are required by law to deny this. And given the circumstances I can't imagine they don't have an NSL. Link to comment Share on other sites More sharing options...
hyten1 Posted October 4, 2018 Share Posted October 4, 2018 i have to say this bloomberg news is so disturbing however you look at it, the odd thing is, if the news is true its actually the lessor of the 2 evils. - If the story is true - this is so clear cut and simple, it us against them, china our enemy, its clear what needs to be done, remove all server (if they haven't already done, which is very strange) build up critical manufacturing in the US, inspect/check etc etc. - If the story is not true - this for me is actually the most disturbing option. this means some entity (most likely US gov) is trying to manipulate everyone, lying to us, using their powers to deceive us to bend to their will. its even worse now considering the current administration which i completely don't trust. what else can they do and will do. to undermine democracy. will be go to war under false pretense, this further validates that we can't trust anyone, not our government, not the media etc. Link to comment Share on other sites More sharing options...
hillfronter83 Posted October 4, 2018 Share Posted October 4, 2018 oddball this is interesting, i am no expert, if this is true does it apply to individuals? so the company have to deny yet if you interview individual, the individual can confirm it ... anonymously? i need more info on this https://www.bloomberg.com/news/features/2018-10-04/the-big-hack-how-china-used-a-tiny-chip-to-infiltrate-america-s-top-companies Amazon chief security officer response to Businessweek article: https://aws.amazon.com/blogs/security/setting-the-record-straight-on-bloomberg-businessweeks-erroneous-article/ If they're received an NSL they are required by law to deny this. And given the circumstances I can't imagine they don't have an NSL. And also why would Amazon's denial statement be so specific? Isn't it misleading to shareholders and inviting of shareholder lawsuits similar to Musk? Link to comment Share on other sites More sharing options...
rb Posted October 4, 2018 Share Posted October 4, 2018 It's better if lawyers chime in. But if they have an NSL it's likely that the companies have immunity from such matters. You can also argue that given the size of Amazon and Apple such matters are immaterial to the stock price. Link to comment Share on other sites More sharing options...
Spekulatius Posted October 5, 2018 Share Posted October 5, 2018 i have to say this bloomberg news is so disturbing however you look at it, the odd thing is, if the news is true its actually the lessor of the 2 evils. - If the story is true - this is so clear cut and simple, it us against them, china our enemy, its clear what needs to be done, remove all server (if they haven't already done, which is very strange) build up critical manufacturing in the US, inspect/check etc etc. - If the story is not true - this for me is actually the most disturbing option. this means some entity (most likely US gov) is trying to manipulate everyone, lying to us, using their powers to deceive us to bend to their will. its even worse now considering the current administration which i completely don't trust. what else can they do and will do. to undermine democracy. will be go to war under false pretense, this further validates that we can't trust anyone, not our government, not the media etc. Some of this predates the current government. This is very unlikely a US government plot to get back on China. The Chinese have shown sophistication in cyber warfare before and I think this is just one incident they has been uncovered and the scary thing for me is that there may be many more. What if they can get something into Apple phones that are used by virtually anyone, including government officials? Apple is very good at managing their supply line, unlike this company in question. They have many boots on the ground in China , but still.... I believe they should build a phone for government use that is not build and assembled in China at all. I believe it wood make sense, even if it needs to be sold at a premium. There are enough friendly nations that don’t do these things. Link to comment Share on other sites More sharing options...
hyten1 Posted October 5, 2018 Share Posted October 5, 2018 spek, i hear ya, not sure if i share the same sentiment. apple has already come out and denied it (vehemently), without any sort of gaga order, so has others. i have to say when reading the bloomberg doc i had a feeling this just seems too much like a spy novel, with the pic, the micro chip etc etc. the comment about how smci is the "microsoft of hardware" seem trying to sensationalize it and its totally laughable. if it is true why something hasn't been done about it (its been years), is it still going on with all these little microchip everywhere? don't tell me because its top secret so we don't know or are not previ to the confidential knowledge (they can use this on anything) etc etc. if its not true its definitely very concern too what it comes down to it is the trust of our media and gov has deteriorated, it makes everything questionable, and this bloomberg article does not relieve that in anyway it makes it worst. i have to say this bloomberg news is so disturbing however you look at it, the odd thing is, if the news is true its actually the lessor of the 2 evils. - If the story is true - this is so clear cut and simple, it us against them, china our enemy, its clear what needs to be done, remove all server (if they haven't already done, which is very strange) build up critical manufacturing in the US, inspect/check etc etc. - If the story is not true - this for me is actually the most disturbing option. this means some entity (most likely US gov) is trying to manipulate everyone, lying to us, using their powers to deceive us to bend to their will. its even worse now considering the current administration which i completely don't trust. what else can they do and will do. to undermine democracy. will be go to war under false pretense, this further validates that we can't trust anyone, not our government, not the media etc. Some of this predates the current government. This is very unlikely a US government plot to get back on China. The Chinese have shown sophistication in cyber warfare before and I think this is just one incident they has been uncovered and the scary thing for me is that there may be many more. What if they can get something into Apple phones that are used by virtually anyone, including government officials? Apple is very good at managing their supply line, unlike this company in question. They have many boots on the ground in China , but still.... I believe they should build a phone for government use that is not build and assembled in China at all. I believe it wood make sense, even if it needs to be sold at a premium. There are enough friendly nations that don’t do these things. Link to comment Share on other sites More sharing options...
Liberty Posted October 5, 2018 Share Posted October 5, 2018 Piece on Amazon's use of AI and machine learning, robots, etc: https://www.fastcompany.com/90246028/how-ai-is-helping-amazon-become-a-trillion-dollar-company Link to comment Share on other sites More sharing options...
hillfronter83 Posted October 5, 2018 Share Posted October 5, 2018 https://www.servethehome.com/bloomberg-reports-china-infiltrated-the-supermicro-supply-chain-we-investigate/ Here is an article that makes sense. The Bloomberg report makes no sense. Why are “current and former goverment security officials” are allowed to talk to media regarding this “top secret ongoing investigation”? Link to comment Share on other sites More sharing options...
rb Posted October 5, 2018 Share Posted October 5, 2018 https://www.servethehome.com/bloomberg-reports-china-infiltrated-the-supermicro-supply-chain-we-investigate/ Here is an article that makes sense. The Bloomberg report makes no sense. Why are “current and former goverment security officials” are allowed to talk to media regarding this “top secret ongoing investigation”? My guess is that the Bloomberg article is probably valid. Given all of the denials from these companies they wouldn't have published without being very confident in their sourcing. As to why are government security are allowed to talk to media about this? Well sometimes the government wants to leak something. Punching China in the ribs would not be inconsistent with the current administration either. Link to comment Share on other sites More sharing options...
Spekulatius Posted October 5, 2018 Share Posted October 5, 2018 https://www.servethehome.com/bloomberg-reports-china-infiltrated-the-supermicro-supply-chain-we-investigate/ Here is an article that makes sense. The Bloomberg report makes no sense. Why are “current and former goverment security officials” are allowed to talk to media regarding this “top secret ongoing investigation”? My guess is that the Bloomberg article is probably valid. Given all of the denials from these companies they wouldn't have published without being very confident in their sourcing. As to why are government security are allowed to talk to media about this? Well sometimes the government wants to leak something. Punching China in the ribs would not be inconsistent with the current administration either. Bloomberg isn’t known to make up stories like this. Ind think that if the story is true, within a few weeks, we should see some hardware geeks finding and dissected these laced motherboards. If this doesn’t occur, it would seem a bit suspect to me. I think even if this was a “limited edition” motherboard, some of the laced motherboards should turn up somewhere. Link to comment Share on other sites More sharing options...
Cigarbutt Posted October 6, 2018 Share Posted October 6, 2018 Any idea what Bozos meant in recent interview, when he said that, before Amazon launched prime-membership they were considering rewards based system (shop your way etc), but he said that they decided to go with prime because those reward based things doesn't work. I guess the basic idea is to create "loyalty". Basic points or miles rewards work well in some instance but it seems to me that they made "Prime" more of a "golden handcuffs" concept. Why? -a major barrier to e-commerce is the fact that there is delayed gratification. By including the delivery fee and by shortening the delay of reliable delivery, "members" buy MUCH more. -some rewards program are integrated into a wider range of loyalty with multiple venues to accumulate and redeem points. For AMZN, it looks like Prime is a way to capture consumer surplus and to even attract more customers (and more $ per customer) into their bundle of other services (data storage, music movies etc). -a point can be made also that the power of the Prime loyalty may even contribute to social status. The above is from basic loyalty market knowledge and take the above with a grain of salt since AMZN is way too complex or me. Link to comment Share on other sites More sharing options...
Spekulatius Posted October 6, 2018 Share Posted October 6, 2018 Rewards are transaction based, and Prime is more relationship based. This fits in Prime reaching out in streaming, music etc. Costco does the same thing that AMZN does. Link to comment Share on other sites More sharing options...
Liberty Posted October 8, 2018 Share Posted October 8, 2018 DHS release on the alleged hardware hack: https://www.dhs.gov/news/2018/10/06/statement-dhs-press-secretary-recent-media-reports-potential-supply-chain-compromise Link to comment Share on other sites More sharing options...
EricSchleien Posted October 8, 2018 Share Posted October 8, 2018 Speaking of loyalty... I just had to return a pretty heavy item. It was 24 pounds. UPS was going to charge me nearly $20 for packing, supplies, and a box. I got them down to $5 eventually and just got the box. However I was so upset by this that I called Amazon in the store and told them they were going to charge me almost $20 for everything. She said, no problem and she instantly gave me a $20 credit on top of the full refund I was going to get for my return. Insanely amazing. Any idea what Bozos meant in recent interview, when he said that, before Amazon launched prime-membership they were considering rewards based system (shop your way etc), but he said that they decided to go with prime because those reward based things doesn't work. I guess the basic idea is to create "loyalty". Basic points or miles rewards work well in some instance but it seems to me that they made "Prime" more of a "golden handcuffs" concept. Why? -a major barrier to e-commerce is the fact that there is delayed gratification. By including the delivery fee and by shortening the delay of reliable delivery, "members" buy MUCH more. -some rewards program are integrated into a wider range of loyalty with multiple venues to accumulate and redeem points. For AMZN, it looks like Prime is a way to capture consumer surplus and to even attract more customers (and more $ per customer) into their bundle of other services (data storage, music movies etc). -a point can be made also that the power of the Prime loyalty may even contribute to social status. The above is from basic loyalty market knowledge and take the above with a grain of salt since AMZN is way too complex or me. Link to comment Share on other sites More sharing options...
rkbabang Posted October 8, 2018 Share Posted October 8, 2018 https://www.cnbc.com/2018/10/08/google-search-losing-some-adverrtising-business-to-amazon-ad-sources.html Some advertisers are moving half of their search budget from Google to Amazon, say ad industry sources Amazon's ad budgets are increasing triple digit percentages year-over-year. In some cases, brands are moving 50 to 60 percent of their Google Search ad budgets to Amazon, two media agencies noted. Link to comment Share on other sites More sharing options...
rkbabang Posted October 8, 2018 Share Posted October 8, 2018 Speaking of loyalty... I just had to return a pretty heavy item. It was 24 pounds. UPS was going to charge me nearly $20 for packing, supplies, and a box. I got them down to $5 eventually and just got the box. However I was so upset by this that I called Amazon in the store and told them they were going to charge me almost $20 for everything. She said, no problem and she instantly gave me a $20 credit on top of the full refund I was going to get for my return. Insanely amazing. I recently had to return a heavy item (shipping weight 78.5lbs) which I paid $135 for with free shipping from a 3rd party (non-prime) seller on Amazon. It came missing all the hardware to put it together. I asked for a refund or for the seller to ship me another one (or just the hardware) and the seller offers me $25 and tells me to keep it. I told him he was being ridiculous and I wanted a full refund, so he then offers me $75 and says that is fair because he can't re-sell it. I told him that I can't use it for the same reason he can't sell it and I wanted my money back. I finally had to file a complaint with Amazon, who refunded me in full and told me that I didn't have to return it, because it would cost a fortune to ship it. So, I purchased the identical item from another seller and everything came with it. Afterwards though, I thought to email the manufacturer and ask how much to send me just the hardware. The manufacturer sent it to me for free, so I was able to sell the item on FB marketplace as a new in box item and I got $85 for it. I wonder what the consequences are to the sellers that treat customers so badly that Amazon has to refund them? This seller could have easily contacted the manufacturer and had the hardware shipped to me and I would have been happy. Instead I was forced to file a complaint against them and Amazon had to pay me. Oh well, I made $85 in profit on the whole deal. Link to comment Share on other sites More sharing options...
rb Posted October 8, 2018 Share Posted October 8, 2018 I think that the consequences for a bad seller is that amazon will kick them off the platform. Link to comment Share on other sites More sharing options...
gfp Posted October 8, 2018 Share Posted October 8, 2018 Yeah similar stuff has happened to me. Amazon will disadvantage third party sellers as their seller ratings decline, eventually making it impossible for them to sell on the platform - which is fair. I've had heavy stuff like that not arrive as new, and been issued a full refund without having to send it back. I have a free lawnmower because of one of those issues. Link to comment Share on other sites More sharing options...
bizaro86 Posted October 12, 2018 Share Posted October 12, 2018 I used to sell on Amazon fairly extensively, and if you have too many claims they'll boot you off the platform. They are (rightly, imo) heavily biased toward the customer in the claims process, which sellers don't like of course. I had very few claims. My favorite was someone who made a claim (without contacting me) because he/she didn't like the ending of the book they bought. It was already a used book, so I would have refunded if they had sent it back to me. Amazon denied that one. Link to comment Share on other sites More sharing options...
gfp Posted October 12, 2018 Share Posted October 12, 2018 That’s a funny one - I’ll have to try that one sometime. #notdelighted Link to comment Share on other sites More sharing options...
Liberty Posted October 15, 2018 Share Posted October 15, 2018 https://www.business-standard.com/article/companies/amazon-bids-400-mn-for-stake-in-spencer-s-deal-stuck-at-valuation-stage-118101300715_1.html RP-SG’s food and grocery retail chain, Spencer’s Retail, which is in talks with multiple players including Alibaba, has been offered more than $400 million by Amazon for a minority stake. People familiar with the development said it is likely that Amazon was eyeing a 30 per cent stake. The deal with Amazon was believed to be in the penultimate stage but was held up due to valuation, the sources indicated. Link to comment Share on other sites More sharing options...
EricSchleien Posted October 15, 2018 Share Posted October 15, 2018 Interview with Marcelo Lima on Amazon https://intelligentinvesting.podbean.com/e/37-amazon/ Link to comment Share on other sites More sharing options...
Liberty Posted October 22, 2018 Share Posted October 22, 2018 CEO of AWS also asking for Bloomberg to retract Chinese hack story, after Apple did it: Link to comment Share on other sites More sharing options...
Liberty Posted October 25, 2018 Share Posted October 25, 2018 AMZN A3: https://press.aboutamazon.com/news-releases/news-release-details/amazoncom-announces-third-quarter-sales-29-566-billion Link to comment Share on other sites More sharing options...
pcm983 Posted October 25, 2018 Share Posted October 25, 2018 what do ppl think? miss on what ppl thought was conservative guide seems bad. plus 4q guidance way off. would think people will be selling here given the valuation Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now