Seeking Alpha

Amazon merges Lovefilm with Prime

  • Amazon (AMZN) will fold Lovefilm into its U.K. website next week in a move that will make the combined digital service the region's largest streaming provider.
  • Existing Lovefilm subscribers will receive the full load of Amazon Prime perks under their new Amazon Prime Instant Video membership at £79 per year. For comparison, Netflix currently charges £72 a year in the U.K.
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Comments (14)
  • Jeffry Chmielewski
    , contributor
    Comments (600) | Send Message
     
    Funny, I don't see anything about the million shares Bezos sold this week. Takes total up to 3 million since August. Only a billion bucks... Or more than the company has made in the last 3 years. That's bullish, right?
    21 Feb 2014, 08:27 AM Reply Like
  • investingInvestor
    , contributor
    Comments (1757) | Send Message
     
    Jeffry, more hater statements from you. Around $1,000,000,000.00 was a Bezos donation to charities. Do you have any idea what Bezos is doing with the money from his stock sales? Does the Washington Post ring a bell???
    21 Feb 2014, 11:47 AM Reply Like
  • Peter Larson
    , contributor
    Comments (642) | Send Message
     
    Good for Bezos, good for the Washington Post.

     

    Bad for anyone still holding.
    21 Feb 2014, 03:35 PM Reply Like
  • Jeffry Chmielewski
    , contributor
    Comments (600) | Send Message
     
    Believe whatever you want InvestingInvestor. WaPo deal was last summer and already paid for.

     

    The fact of the matter is Bezos is fleecing the market and locking in gains after a parabolic run. Why aren't you? Are you smarter than him?
    22 Feb 2014, 06:21 AM Reply Like
  • SyrPhil
    , contributor
    Comments (29) | Send Message
     
    1 million shares are nothing. Bezos still owns 83,962,332 shares in the company, valued at approximately $29,473,297,402.
    21 Feb 2014, 09:22 AM Reply Like
  • Jeffry Chmielewski
    , contributor
    Comments (600) | Send Message
     
    A million shares in August. A million shares in November. A million shares in February. Average price $336 on a billion bucks worth of stock.

     

    Totally bullish. Everybody buying now at higher prices is much smarter than Bezos.

     

    Keep buying in to the plan if using vendor Accounts Payable 'float' to build a server farm for start-ups while he quietly sells. More than the total profits over the last 3 years. But that's totally bullish.
    21 Feb 2014, 09:54 AM Reply Like
  • buyandhold???
    , contributor
    Comments (907) | Send Message
     
    he's still holding 83 billion shares....if he was worried about the future he'd dump more....how much apple does tim cook hold?
    21 Feb 2014, 10:20 PM Reply Like
  • Jeffry Chmielewski
    , contributor
    Comments (600) | Send Message
     
    You are right. CEO selling after a parabolic run is bullish.

     

    I'm sure you know more than him. The company is so secretive Bezos probably didn't even know about the set top box or European Prime price increases until he read the media reports. But I am sure you knew.
    22 Feb 2014, 06:26 AM Reply Like
  • calikym
    , contributor
    Comments (226) | Send Message
     
    @jeffry - so how is that different than Zuck and his exec team? None of its bullish. Still I agree that it is obnoxious that executives sell big holdings when investors are newly investing. It's a big turnoff but these executives are laughing all the way to the bank.
    21 Feb 2014, 10:27 AM Reply Like
  • Peter Larson
    , contributor
    Comments (642) | Send Message
     
    How was Enron different from Worldcom?
    21 Feb 2014, 03:37 PM Reply Like
  • Jeffry Chmielewski
    , contributor
    Comments (600) | Send Message
     
    Zuck hasn't told the street to focus on 'cash flow' as the primary performance metric - meanwhile borrowing the 'cash flow' from his Vendors as Accounts Payable.
    21 Feb 2014, 03:21 PM Reply Like
  • bleweagle
    , contributor
    Comments (38) | Send Message
     
    Hey Jeff....
    I did not hear about the besos sell off(s). I need to get dialed in.
    ... to get right to the point do you recommend jumping off the amazon ship ASAP?

     

    Michael in Seattle
    22 Feb 2014, 11:00 PM Reply Like
  • Jeffry Chmielewski
    , contributor
    Comments (600) | Send Message
     
    I can't make a decision for you -- but there are too many problems for me to consider owning it. Insider selling is just icing on a cake made of problems.
    23 Feb 2014, 08:07 AM Reply Like
  • all on board
    , contributor
    Comments (214) | Send Message
     
    Amazon continues to be a momentum stock.
    23 Feb 2014, 10:41 AM Reply Like
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