Thread by @mukund, A thread on $GDRX from an ex $AMZN employee. There have been [...]

A thread on $GDRX from an ex $AMZN employee. There have been 5 instances when I was at $AMZN and it announced it was entering a new market and competitors stock crashed. What happened next was to be expected. A Thread (1)

1. 2012 $NFLX shares *crash* when Amazon announces Prime Video https://www.trefis.com/stock/nflx/articles/146469/the-u-s-netflix-story-evolving-competition-threatens-growth/2012-10-16 (I wonder what happened in 2013/2014/2015)?

2016: $WMT and $KR crash when $AMZN announces it is buying Whole Foods and slashes prices of Whole foods by (gasp) 10 - 20%). 2020 - $WMT hits ATH

2017: $SPOT investors bail on the stock after competition from $AMZN prime music is included with Prime https://wccftech.com/spotify-investors-bail-out-after-amazon-drops-a-huge-music-streaming-announcement/
Wonder what happened to Spotify? I think they are dead

Spotify Investors Bail Out After Amazon Drops A Huge Music Streaming Announcement

Spotify's stock price sliding so far wasn't something company representatives said or some other internal issue. What spooked traders and investors into selling off millions of Spotify shares was...

https://wccftech.com/spotify-investors-bail-out-after-amazon-drops-a-huge-music-streaming-announcement/

2017: $COST faces relentless competition from $AMZN https://www.cnbc.com/2017/10/06/cramer-costcos-latest-earnings-call-about-amazon-is-disturbing.html and its stock crashes. 2020 - $COST ATH and sales are through the roof

Cramer says Costco's latest earnings call, as it relates to Amazon, is 'disturbing'

Cramer added that investors don't want to pay "25 times earnings for a company that is up against Amazon."

https://www.cnbc.com/2017/10/06/cramer-costcos-latest-earnings-call-about-amazon-is-disturbing.html

$BBY stock crashes in 2012 after Amazon announces terrific pricing (called MFN) from electronics manufacturers. https://money.cnn.com/2012/03/29/markets/best_buy/index.htm
Oh wait, $BBY is actually thriving in 2020

Best Buy to close 50 U.S. stores, stock drops

Best Buy's stock took a dive on Thursday after the retailer announced plans to close 50 big box stores in the U.S. by 2013.

https://money.cnn.com/2012/03/29/markets/best_buy/index.htm

2017: Blue Apron $APRN stock crashed after amazon intrusion in packaged delivered food. https://www.thestreet.com/markets/blue-apron-braces-for-amazon-intrusion-shares-indicated-3-7-lower-in-pre-market-trading-14230333
2019: Amazon EXITS home delivered food business and invests in deliveroo

Blue Apron Is Crashing Thanks to One New Move by Amazon

Ouch.

https://www.thestreet.com/markets/blue-apron-braces-for-amazon-intrusion-shares-indicated-3-7-lower-in-pre-market-trading-14230333

Last one I promise. $TGT stock CRASHED when $AMZN actually bought Whole Foods. https://money.cnn.com/2017/06/16/investing/walmart-target-stocks-plunge-whole-foods-amazon/index.html

2020: Wait, WTH Target is winning during COVID? https://www.wsj.com/articles/target-hits-on-winning-formula-amid-covid-pandemic-11597066200

Target Hits on Winning Formula Amid Covid Pandemic

Surging e-commerce sales at Target during the coronavirus pandemic should translate into a lasting advantage.

https://money.cnn.com/2017/06/16/investing/walmart-target-stocks-plunge-whole-foods-amazon/index.html

$ETSY stock crashed in 2017 after $AMZN launched an $ETSY "killer" 2020 - $ETSY is doing terrific. https://www.usatoday.com/story/tech/2015/10/08/amazon-etsy-handmade-marketplace-store/73527482/

Amazon launches its Etsy killer: Handmade at Amazon

The process for a seller to get vetted as a hand-crafted artisan takes about four weeks.

https://www.usatoday.com/story/tech/2015/10/08/amazon-etsy-handmade-marketplace-store/73527482/

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