Retail and grocery in negative EPS. AWS margins and share getting slashed. AI is dead, they surprised us with Alexa in first place but there is no way they can get close to big2. Growth story is gone !
Fresh purchase volume is already down 20 percent month over month, and it’s only just the beginning. When things are going well, even a dog can lead your company, but when times are tough, the lackluster leadership comes into focus! AWS leadership is the weakest and most incompetent across all orgs, because they’ve been getting away with it with the first comer advantage that no longer exists. I mean what other large cloud service provider you know that doesn’t require a single technical round for management positions?
AWS has not a lot of significant widely used AI products to offer, and most of the revenue comes from data storage. With S3 being the cash cow, let’s look into S3. S3 is trying to change the basic concept it was based on “a one to one index to data mapping” to keep up with the age, but inside it’s a mess to say the least. Each team is trying to push the ownership of these changes to other as it’s a significant change to the building blocks and has a possibility to impact reliability, and everyone’s trying to save their ***.
With AWS growth rate going down every quarter with no vision and no revolutionary new features to offer, it’ll continue to lose market share, slowly at first, but once the flood gates open, Amazon won’t be able to subsidize other divisions as they had been resulting in other companies undercutting them giving them a taste of their own medicine.