Home to all things "Mildly Infuriating" Not infuriating, not enraging. Mildly Infuriating. All posts should reflect that.
I want my day mildly ruined, not completely ruined. Please remember to refrain from reposting old content. If you post a post from reddit it is good practice to include a link and credit the OP. I'm not about stealing content!
It's just good to get something in this website for casual viewing whilst refreshing original content is added overtime.
Rules:
1. Be Respectful
Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.
Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.
...
2. No Illegal Content
Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.
That means: -No promoting violence/threats against any individuals
-No CSA content or Revenge Porn
-No sharing private/personal information (Doxxing)
...
3. No Spam
Posting the same post, no matter the intent is against the rules.
-If you have posted content, please refrain from re-posting said content within this community.
-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.
-No posting Scams/Advertisements/Phishing Links/IP Grabbers
-No Bots, Bots will be banned from the community.
...
4. No Porn/Explicit
Content
-Do not post explicit content. Lemmy.World is not the instance for NSFW content.
-Do not post Gore or Shock Content.
...
5. No Enciting Harassment,
Brigading, Doxxing or Witch Hunts
-Do not Brigade other Communities
-No calls to action against other communities/users within Lemmy or outside of Lemmy.
-No Witch Hunts against users/communities.
-No content that harasses members within or outside of the community.
...
6. NSFW should be behind NSFW tags.
-Content that is NSFW should be behind NSFW tags.
-Content that might be distressing should be kept behind NSFW tags.
...
7. Content should match the theme of this community.
-Content should be Mildly infuriating.
-The Community !actuallyinfuriating has been born so that's where you should post the big stuff.
...
8. Reposting of Reddit content is permitted, try to credit the OC.
-Please consider crediting the OC when reposting content. A name of the user or a link to the original post is sufficient.
...
...
Also check out:
Partnered Communities:
Reach out to LillianVS for inclusion on the sidebar.
All communities included on the sidebar are to be made in compliance with the instance rules.
Amazon gives non-Prime members free shipping at $35 or more of eligible items. Instead of simply letting users get the product with free shipping, they've added a discount that prices it exactly one cent below the $35 limit, while only subsidizing the price with $3.38, which is about half of what they'll then charge you for shipping.
Saved me $4, I'm fine with it.
We need another amazon to beat the existing amazon up, retail sales are just bloated and dead.
OR, how about we start getting mom and pop shops to do local ecommerse with delivery.
I dont think you understand how "Amazon" exists as we know it.
Amazon, the store. the store that sells stuff at "unbeatable" prices and has convenient fast shipping options. exists because Amazon, the corporation, makes most of its money through platforms that are NOT the store.
for example the AWS division, which handles web hosting, Makes money hand over fist compared to the store. so they can afford to sell stuff at either a loss, or breaking even. (and they're still somehow making money off the ordeal. dont ask me where)
Its hard to make a competitor to Amazon because you'd need a surrogate company constantly feeding it money to stay afloat. Amazon the store, is a facade of a larger corporation
I'm not sure that's entirely true.
Most of their money comes from retail, either the site, subscriptions, or the seller services they provide. AWS, while massive, isn't what's keeping them afloat.
You're entirely correct though that competition with Amazon is difficult because of those additional sources of revenue. Having additional stable sources of income gives them the ability to accept lower margins in retail with less risk.
The way they make money selling things with no profit or at a loss is to ensure that someone else is always paying the difference. "Free shipping" with a paid subscription means that rather than providing shipping for a loss, they just need to do it for less than the subscription. Turns out "guy with a van" can deliver a lot of packages for quite cheap. So many that he'll be out delivering from 3am to 9pm, and for $5 they'll drop your package off first and call it overnight.
In some cases they can get the seller to pay for shipping as a promotional incentive, since Amazons conditioned people to look for free shipping as a precondition to considering a product.
Only give away for free what you got someone else to pay for.
Revenue is not profit.
Yes, but revenue pays for things like salaries, advertising, etc.
It helps with cash flow sure, but if it's not profit you're going into debt to pay that.
What do you think profit is? It seems like you're conflicting profit with income.
Profit is revenue - cost of goods.
If you make a widget and it costs you $100 to make, and you sell it for $110, you have $10 profit. Then you have all the other expenses that it takes to run a business, lets say that's $200.
Your revenue is $110
You profit is $10
Additional Expenses: $200
You NET profit (AKA Net Income) is $-90
I mean, non profits exist. Of course it's not the case for Amazon, but you don't need to profit in order to exist as a company, and people still get to make money.
All companies have to earn a profit, not just to pay for the expense of the goods plus all of the overhead, but also to be able to reinvest and grow. There's a difference between earning a livable wage while the company as a whole remains poor and earning barely enough to live on while the investors pull in massive gains year over year.
A company taking excess revenue and reinvesting it isn't profit.
There may be phrases with the word profit in them that include that value, but the general accepted definition is profit is the money that gets distributed to the stakeholders after expenses are covered. This is things like dividends for publicly traded companies, or for private companies, it's just straight up paying out the cash to stakeholders.
Non profit doesn't mean no profit.
Non profits make enough profit to pay their employees, rent, and any other business needs, or they get money from other sources. They still need and make money to operate.
For a company to succeed, there must be profit, or have an outside source of funding.
You cannot pay rent, employees or other business expenses with revenue and no profit without going into debt.
Non profit means no profit. Salaries, rent, etc are not paid from profit.
That is fundamentally what profit is, revenue less expenses. By definition, profit is money that does not have anywhere to go in a business, and so gets distributed to stake holders of the company.
This is why you're wrong
Profit is revenue minus cost of goods
NET profit or net income is after expenses unrelated to cost of goods.
If a widget costs you $100 to make and you sell it for $100 that's $0 profit.
Tack on all the other expenses to run a business and now you're in debt.
Profit is not NET profit.
Edit: Below shows some guidelines, on how they can earn profit.
NON PROFITS can earn profit, they're just restrictions on it.
Now work in EBITDA and realize that not even net profit is really net profit. Understanding EBITDA really was a big lightbulb for me.
So a service company that only pays salaries has 100% profit?
This is splitting hairs and if all the people arguing about this took an actual class in uni a out this they would know that.
Gross profit typically includes cost of goods sold, COGS doesn't have an explicit legal definition, it's up to the business to decide what they include, they can include employee salaries or not, this is called abortion costing, a business which puts salaries, rent utilities, etc, under abortion cost would have a gross profit equal to their net profit.
When dealing with accounting, you can call things whatever you want, net profit isn't something that has a legal definition.
For example, I just decided that my business doesn't follow your definition of profit, and instead defines profit as only money I find in my pockets. There isn't a legal definition of how I need to define profit, so it's just as valid as all the other definitions.
And regardless of all that, I don't understand how anything you said proves me wrong. Profit is net profit, just the same as profit is gross profit, you can put an arbitrary boundary at any point in a financial metric and it makes sense to do so, but it doesn't change what the word profit means. But the claims that 'if you don't profit you have to go in debt' is just silly and only makes since if you cherry pick a very narrow definition of profit that is used as one part of a general financial metric for a business.
A company that has revenue - all expenses = 0 does not need to be in debt, this is also how a non profit will look, 1 million in revenue, 500k in general expenses, 500k reinvestment into the company final result 0 dollars left over. The effective meaning and understanding of profit for practical purposes and lay people (not book keepers within a company that needs more refined and specific metrics) is the amount of money that gets distributed to stakeholders after a company has covered its expenses.
Your block about non profits is exactly my point. A non profit does not pay out the left over money to stakeholders but people who work for a non profit still make money.
Heh, "revenue is not profit".
Non-profits are specifically not allowed to have revenue in excess of expenses. If they take in too much money, the excess has to be put back in for operational expenses in the future, an endowment or something like that.
(In the Netherlands) Non profits are allowed to make profit, they just need to pay tax above a certain amount of net profit. The thing that makes them "non-profit" is that they are prohibited to pay out that profit. Hence there is no incentive for (excessive) profit.
It's like that pretty much everywhere including the USA. People just don't understand.
Copying a bunch of unsourced text at someone without context is a great way to get them to not bother reading it. Why don't you type the point you were hoping to make?
They were also famously unprofitable for a very long time, longer than most businesses would consider reasonable. They were founded in 1994 and it took until 2003 to make a profit. They were investing a lot of money back into the business.
Exactly. A systemic issue with capitalistic markets is that they inherently select for short term thinking.
Does it make sense to destroy 90% of your profitability 5 years from now for a 20% bump in profit this quarter? Well, yes, it does, because that's 20% more profit to expand and take over the market.
Even if a business were to try to make good long term decisions, it would immediately be crushed and pushed out of the market by all of its competitors willing to make those shortsighted decisions for immediate profits.
Except in the case of Amazon, thanks to AWS they were able to make good long-term decisions with their e-commerce platform by making short term decisions with AWS.
AWS didn't exist until after Amazon became profitable. They were already making good long-term decisions before AWS.
Right, back when they were just a bookstore. All I really know about Amazon is that they focused on long-term profitability over increased short-term profits to expand and capture more of the market, and it worked. The problem is that not everyone can do that. They spent every year since 1994 operating at a loss, when anyone else would have been snapped up by another company in the space, and it's not clear how that didn't happen. The landscape of e-commerce would have been very different if it had.
Walmart and Target already do it. Just get rid of the public facing store part and send it to me as cheap as retail.
There are companies in china already doing this.
How have you ‘saved’ money that you spent, exactly?
I need a $40 screwdriver and 12v battery
They reduce the price of the screwdriver kit $4 to make it not free shipping on it's own
I buy them both for $40.
I would have to buy them anyway, I spent $40 instead of $45 and still got "free shipping"
If they bundled the item with a pack of batteries in a retail store and sold it for 39.99, would you still consider it cheaper?
Would you consider $39.99 cheaper than $45?
not the person you responded to but, would depend if that's the only thing I'm getting, gas costs money, I defo wouldn't concider that small of a discount saving money since it will cost me about 6 or 7$ in gas getting there and back
It’s still cheaper than it would have been without Amazon’s discount
Cheaper on Amazon, or anywhere else?
Both
How? You cannot buy this “cheaper” version without spending more money. It’s 39.99 with free shipping other places. It’s $39.99 on Amazon because you have to pay for shipping. You’re not saving money, you’re just getting more stuff from Amazon.
Unless you buy useless stuff just to avoid shipping, it's still money spent toward something you would have bought later (possibly for a higher price, on retail). It counts on future savings.
If you spend the same amount of money to get more things that you were going to buy, you've saved money.
If I need bread and cheese and one store sells bread for $10 and cheese for $5, and another sells $10 bread half off if I buy $5 cheese with it, I save money going to the second store, even if I only came into the store looking for bread.
Amazon is using dirty tricks to ensure you buy from them even if it's at a lower margin. A smaller profit is better than no sale. It also gets consumers more accustomed to just buying stuff on Amazon, and increases the sales producers see through the Amazon platform. Some producers entirely offload their commerce to Amazon since enough of their sales come from there it makes running their own less viable.
Supposed you were going to buy batteries elsewhere anyway. So you saved money by doing it in one go there.