Earnings Signal End to Tech Boom | Hacker News Reader

Earnings Signal End to Tech Boom

wsj.com

15 pointsmfiguiere8 comments

Or, big tech is now big enough that material deterioration in the wider economy is enough to over-power their baseline annual growth (i.e. big tech will continue to boom after adjusting for economic performance).

One can set aside all this economic tea-leaf reading and just look at the perception of the products:

Facebook: falling rapidly

Google: steadily trending down

Amazon: essentially unchanged

Apple: boring incremental improvements

Pretty much exactly reflected in performance and stock price.

Amazon has been slowly trending down over the last 10 years for me (but in many ways also improving).

Amazon used to be a shop I trusted, products arrived in good condition, and their customer service was pleasant to deal with. Now it’s full of crap, product nearly always arrive damaged (I mostly buy books), and their customer service is significantly less helpful.

I live in central europe maybe things are better in the US.

That sounds about like my experience in the US. The worst was a few years back when I'd say maybe 1 out of 4 deliveries just failed to show up to my door for one reason or another. Since then, they've been a lot better, but now Amazon just feels like a local cache for Alibaba anyway.

No, they aren't better. I don't disagree with you about their decline. My take is just that the shine came off Amazon 5 years ago and it has now essentially stabilized as a 'just good enough' store with great logistics.

Amazon is absolute shit lately. I have been a happy customer for a long time and there have been experiencing some trash.

1) Fully agree on the trending down customer service. I have bought 2 things recently that went on sale after I purchased them. Support refused to give me a price adjustment... and they agreed that I could send back my item and buy another as the only other option. Absolute waste of time and money for everyone involved. On another occurrence, I bought a razor, opened it up and the blade was bent, I asked if I could get a new one, they are making me send back the old bent razor. Are we really at a point where I need to send back broken things that end up in landfills? I spend thousands of dollars on amazon items that I keep, do they think I'm scamming them out of a single razor blade? I bet a few people have ruined it for everyone else

2) My echo devices have turned into home invading advertising robots. I use them to control my lights, I'll be putting my daughter to sleep and ask alexa to turn off the lights in her room. Next thing you know, Alexa is screaming about listening to a podcast or selling me some new bedtime routine features. I'm very close to throwing them all away

You can't beat having stuff delivered same/next day so I'm stuck with them on some things

I think Facebook's issue is more a complete lack of confidence by public investors in its CEO. When a CEO with absolute control takes the company in a direction that results in massive losses that the investors aren't in favor of, the price is naturally going to tank as the liability of the CEO remaining in control becomes a significant cost that has to be priced in. In any traditional company, the CEO would probably be removed by the shareholders at this point, and a new CEO would be appointed to get rid of the massive loss generating projects while enacting policies that support the stock price (like starting to pay dividends). Zuckerberg hasn't made any noises about paying dividends, so the only direction for the stock to go for now appears to be down.

amazon had 27%growth in aws and yet media see that as disappointing in the midst of war and high energy price? what is wrong with journalists? also they obious;y lie on profits from retail so they dont end up under scrutiny and have to break the company

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