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by aetherson
123 days ago
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Amazon isn't a monopoly, it has 8% of retail in the US. There's no real evidence that this trade was made by Buffet himself, and it's part of a general major sell-off of Amazon that transparently did not temporally align with the idea that Amazon's retail business has suffered a decline in quality. This is the market making a (reasonable!) judgment that it lacks confidence that Amazon's capital expenditures will pay off. |
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