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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Oct 14

    Jeff Bezos‘s net worth is ~ $147 Billion. Amazon is worth $872 Billion. That means Bezos and Amazon have created $725 Billion of value for people other than Jeff Bezos.

    10:55 AM - 14 Oct 2018
    • 218 Retweets
    • 1,511 Likes
    • Anastacia Young Caroline Crossland Nirmam Aritztoteles Farid Didi Daiyle Sergio Fonseca Jason Creane Jason Leo Carvalho
    94 replies 218 retweets 1,511 likes
      1. New conversation
      2. Z‏ @CaptainStiggz Oct 14
        Replying to @AustenAllred

        I guess the 500k+ Amazon employees can thank daddy Bezos for creating so much value since they had nothing to do with it, eh? 🤔

        3 replies 0 retweets 22 likes
      3. Austen Allred‏Verified account @AustenAllred Oct 14
        Replying to @CaptainStiggz

        “Bezos and Amazon”

        1 reply 0 retweets 85 likes
      4. 1 more reply
      1. New conversation
      2. Marc McCabe‏ @mccabe Oct 14
        Replying to @AustenAllred

        This is unfortunately too simple... how much has been taken away from mom and pop stores? Hardware stores? Groceries? It’s an impressive transfer of wealth into one larger group, likely the result of many many small orgs losing their lunch.

        7 replies 1 retweet 64 likes
      3. Marc McCabe‏ @mccabe Oct 14
        Replying to @mccabe @AustenAllred

        not saying overall Amazon hasn’t been a wonderfully additive creation, but just saying I don’t think that’s the right way to think about it.

        2 replies 0 retweets 12 likes
      4. Tim Lemke‏ @TimLemkeTweets Oct 14
        Replying to @mccabe @AustenAllred

        Mom and pop stores were on their way out long before Amazon. Big box retailers like Walmart and Home Depot did them in.

        2 replies 0 retweets 4 likes
      5. Brendan Beirne‏ @brendanbeirne Oct 14
        Replying to @TimLemkeTweets @mccabe @AustenAllred

        You’re missing the point

        1 reply 0 retweets 2 likes
      6. Austin M. Craig‏ @austinmcraig Oct 15
        Replying to @brendanbeirne @TimLemkeTweets and

        The point is creative deconstruction. When somebody does a thing better and more efficiently, others go out of business. We can wax nostaligic about mom-&-pop shops all day, just like we can romanticize agrarian lifestyle, but the fact is people value modernity more.

        2 replies 0 retweets 5 likes
      7. Brendan Beirne‏ @brendanbeirne Oct 15
        Replying to @austinmcraig @TimLemkeTweets and

        It’s not an argument about a rom. past, but an observation that a sector which used 2 prop up an ownership class of SMB entreps + ↗️mobility vehicle for immigrants now reallocates that 💰2 shareholders. There are benefits of course but it’s 2 early 2 grasp fallout of new arrngmnt

        0 replies 0 retweets 0 likes
      8. End of conversation
      1. New conversation
      2. Mike Maples‏ @m2jr Oct 14
        Replying to @AustenAllred

        And that doesn’t even include the consumer surplus.

        3 replies 2 retweets 54 likes
      3. Grace Schroeder‏ @graceschroeder Oct 14
        Replying to @m2jr @AustenAllred

        I have a fantastic list of things I would do with $147b - including a giant mixing bowl giving kids jobs and apartments in the middle of the country - and serious help getting voters to the polls. $50B on that alone.

        1 reply 0 retweets 1 like
      4. Mike Maples‏ @m2jr Oct 14
        Replying to @graceschroeder @AustenAllred

        Then all you have to do is go make $147B and you can spend it however you please :)

        3 replies 0 retweets 7 likes
      5. Nestor Velez‏ @thesolofoundr Oct 15
        Replying to @m2jr @graceschroeder @AustenAllred

        Ppl always have great ideas on how to spend other ppl's money

        1 reply 0 retweets 2 likes
      6. Grace Schroeder‏ @graceschroeder Oct 15
        Replying to @thesolofoundr @m2jr @AustenAllred

        I think it's cute how protective you are of Bezos' money. Sweet, really.

        1 reply 0 retweets 0 likes
      7. Nestor Velez‏ @thesolofoundr Oct 15
        Replying to @graceschroeder @m2jr @AustenAllred

        Not at all. I just have no opinions on how he should spend his money. We can do things that help society without the billions. Instead of telling him what he should do, we can do the things we can do. 😁

        1 reply 0 retweets 0 likes
      8. Grace Schroeder‏ @graceschroeder Oct 15
        Replying to @thesolofoundr @m2jr @AustenAllred

        I wrote a post about what I would do with $147B because it's an interesting mental exercise. You took time out of your day to make a snarky comment because you chose to read that I was "telling him how to spend his money."

        1 reply 0 retweets 1 like
      9. Nestor Velez‏ @thesolofoundr Oct 15
        Replying to @graceschroeder @m2jr @AustenAllred

        I wasn't being snarky at all. Just leaving a comment on how I feel about this. I'm not a snarky person 🤗

        0 replies 0 retweets 0 likes
      10. End of conversation
      1. freddie‏ @fredricokt Oct 14
        Replying to @AustenAllred

        and much much more than that if you think of value as overall wealth created for society!

        0 replies 1 retweet 18 likes
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      1. New conversation
      2. Lisha Sterling‏ @lishevita Oct 14
        Replying to @AustenAllred

        That market value doesn't actually represent real world value, just made up stock market value. Real world value = roofs over heads, food in bellies, clean baby butts, healthy communities. The most real world value inheres to the work that the market puts the lowest $ value on.

        1 reply 1 retweet 8 likes
      3. Lisha Sterling‏ @lishevita Oct 14
        Replying to @lishevita @AustenAllred

        Each of those real world values are things that Amazon, and Bezos in particular, are literally preventing people from having through bad treatment of workers and by blocking Seattle traces to pay for community services.

        0 replies 0 retweets 3 likes
      4. End of conversation

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