Amazon for instance has over 1 million employees. You know nothing about most of your coworkers or whether other teams are delivering featured
Amazon for instance has over 1 million employees. You know nothing about most of your coworkers or whether other teams are delivering featured
They know the clients, the contracts, hiring, cost cutting way before the general public does. The problem is that many BigTech is sum of many units which might not be correlated, but for say Nvidia or Apple I would assume the employees would be a good people to take the stock advice from.
Again, I worked at AWS and we had no insider knowledge
But if anyone is connected to few friends across team, they would know they are hiring for China sales team(or dependent team like internal tooling for sales etc.) aggressively or firing them.
> information that can move markets.
That's the hardest part to figure out. Stocks aren't very correlated with anything. Slight changes in this quarter's iPhone sales in China doesn't move the share price very much if it is within range of expectation.
https://news.ycombinator.com/item?id=47622584
I have worked at Amazon. I can guarantee you that no one on the Amazon Retail side had any clue what went on at AWS or vice versa.
Do you think that any of the rank and file knew that Jassy was going to announce mass layoffs or that Amazon was going to spend so much on Capex for AI that the stock would go down?
Isn't Apple pretty famously secretive even internally around stuff like product launches? I would expect a company that runs a tight ship to have rank-and-file employees who would have less potentially actionable info than ones at companies that don't control information as well.
Huh? We're not talking about the custodial staff.
> Amazon for instance has over 1 million customers. You know nothing about most of your coworkers or whether other teams are delivering featured
This is a hilarious example; especially at Amazon, "rank and file" employees are privy to $100M+ AWS deals, they have to implement them after all.
I assure you the random developer on the EC2 service team for instance knew nothing about the sales deals.
Also a “$100 million dollar sales deal” is nothingburger for AWS not enough to move the market.
Do you think someone on the Alexa team in the retail division (“CDO”) knew anything about what was going on within AWS?
Hmm, no?
As a solutions architect at Amazon I was very much a "rank and file" employee, and privy to large deals, so I'm not sure what you're on about. I haven't heard of Professional Services, presumably you guys had different responsibilities.
https://aws.amazon.com/professional-services/
But either way, it’s monumentally a kind of weird statement to think that anyone besides “janitors” would know anything about the deals that would go through or to think a “$100 million sales deal” would move the needle especially as we see right now that AMZN is tanking because they reported they will spend more than all of their free cash flow on CAPEX for AI. You couldn’t have predicted that
Not sure I understand the value proposition here, but then again Amazon is known for having redundant teams every now and again.