Pivot Amazon pays taxes (and fights for JEDI), SoftBank gains on Sprint and what ClassPass tells us about the fitness economy
Feb 14, 2020
The conversation centers on Amazon's minimal tax payments while it battles the government over JEDI contracts. They also discuss Google's recent executive departures and the implications for corporate culture. The conversation shifts to ClassPass, examining its billion-dollar valuation and its impact on the fitness economy. Tensions between traditional gyms and at-home fitness solutions are highlighted, alongside regulatory concerns in the tech industry. Predictions about potential Facebook bans in India add an intriguing twist to the discussion.
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Bezos Buys Warner Estate
- Jeff Bezos purchased Jack Warner's former estate in Los Angeles, the most expensive house in the city.
- This move signifies Bezos' growing influence in Hollywood, as Amazon expands its entertainment ventures.
Streaming and Retention
- Amazon Prime Video increases Prime membership retention rates, boosting the company's overall value.
- Streaming video is an effective tool for increasing customer loyalty for e-commerce services.
Amazon's Margin Business
- Amazon's retail business operates with tight margins, similar to other retailers.
- However, AWS and entertainment divisions offer greater profit potential.