A bad week for Amazon
Submitted by gjohnsit on Mon, 11/14/2022 - 5:15pmThe lion's share of financial news coverage this week was about Twitter and FTX, but very quietly Amazon was taking brutal body blows.
The lion's share of financial news coverage this week was about Twitter and FTX, but very quietly Amazon was taking brutal body blows.
By now you've probably heard about all of the problems at Twitter, and how Elon Musk is facing a financial catastrophe. However, that's just the part of the iceberg that the ultra-wealthy Titanic hit that is visible. Most of the damage is below the surface.
Be prepared to shed a few tears for ultra-wealthy a**holes having to sell their second super-yacht.
There is this myth with conservatives that there are "good" billionaires and "bad" billionaires. They base this on culture war talking points. They almost universally refuse to accept that those "liberal values" that these billionaire-owned companies are signaling are nothing more than cynical marketing campaigns.
The Amazon facility in Albany, N.Y., will be the next location to fight for a union.
NEW: Leaked video shows Amazon managers shouting at workers & warning them against signing union cards at an Albany, NY warehouse.
"Stay out of our way," one manager yelled, pounding a table. "I'm up to here with their bullshit."
With inflation running around 10%, the Amazon workers at the Tilbury distribution center in southeast England expected a raise of £1 ($1.20) per hour. Instead, one of the most profitable companies in the world offered just 35 cents.
You might think you know just how anti-union Amazon is, but you probably underestimate it by a country mile.
The age old rule is: He who laughs last, laughs the loudest.
Christian Smalls has earned a good, long laugh at Jeff Bezos' expense.
The big news today is that an Amazon warehouse was finally unionized.
While people in the United States are losing their sh*t over Will Smith slapping Chris Rock, one of the biggest strikes against neoliberalism in the world is happening in India.
[Update: The death toll now reaches six.]