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Amazon Letter And Join Our Team

|About: Amazon.com, 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

https://static.seekingalpha.com/uploads/2018/12/2/10522491-15437857441528707.png

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

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In addition, the discount I've been running for Wide-Moat Investing Platform will be removed a week from today. If you are interested in joining the team take advantage of the discount as its under $20 a month currently for annual subscriptions. There are no obligation with our 14 day free trial.

Eric

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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