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Amazon Letter And Join Our Team

|About:, Inc. (AMZN)

Amazon (AMZN) just released their shareholder letter. It's a must read even if your not a shareholder - always has some good insights, and what the landscape looks like. Bezos gives a nice portion of the letter on discussing their 3P (third-party) sales. Here's one quote that stood out to me. 

Third-party sellers are kicking our first party butt. Badly

Inside, I know Bezos is loving that 3P is gaining larger share and momentum. A capital light model layered on top of a more capital intense business seems like a durable business to me. Getting paid to hold inventory is much better than having your own inventory sit in a warehouse to sell. 

Exhibit 1 3P Model

Anyway, I figured I would highlight the letter is out for those who missed it.


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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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