UNAPOLOGETICALLY AMERICAN

Amazon is reportedly eliminating 14,000 corporate-level jobs, supposedly replacing them with AI. With no information regarding the cost of the AI transition, Amazon Corporation will realize an annual salary savings of approximately $15,169,068,000 (roughly $15.12B).

Unsurprisingly, customers will benefit from none of that $15.12B. The top individual insider shareholders of Amazon are Jeff Bezos, Andrew Jassy, and Jeffrey Blackburn, and the top institutional shareholders are Advisor Group, Vanguard Group, and BlackRock.

Interestingly, BlackRock and Vanguard are among the three largest institutional investors for all 505 companies in the S&P 500, with one or the other being the single largest institutional investor in 422 of these companies. This means they have significant stakes in virtually all major corporations listed in the S&P 500.

Amazon shareholders are so greedy, they unilaterally increased the cost of Amazon Prime, and then began charging Amazon Prime customers for Prime TV, and have inserted advertizing within Prime TV. Amazon has also begun sucking even more money out of their Prime customers, by getting them hooked on a series, and then after a handful of episodes demanding that the custmer pay for the rest of the series! I hope that Bezos, Jassy et al choke on their Surf-n-Turf dinners, while most of their customers are eating meatloaf while they can still afford hamburger!

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