Does anyone have a collection of bear amazon thesis across the last decade? Will be fascinating to see what the bear logic got wrong. Hindsight easy to see bull case but it was prob not hard to be a bear 10 years ago for example
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There non-marketplace retail model is shit. That's basically all you need to know.
I shouldn't say shit (it generates free cash flow ahead of supplier payments) however it sucks in comparison to the 3p model
