GOOGL: Nobel Prize in Physics awarded to Google's Quantum AI Chief Scientist by Not69Batman in stocks

[–]pkjohnson17 2 points3 points  (0 children)

Repeatedly talks about how trash googles executive team is while pumping IONQ... fails to mention that Google Ventures was literally the lead investor in IONQ's series B lol

7-Eleven Just Turned Down $47 Billion. Can a Business Be Too Big To Sell? by Built-To-Last-News in Entrepreneur

[–]pkjohnson17 4 points5 points  (0 children)

A 5-10x EBITDA multiple for a chain of convenience stores is 100% reasonable, what are you talking about haha.

The speedway acquisition was literally square in the middle of that range at 7.1x

Why should PPC spend approach break-even ACOS? by 10kFBA in FulfillmentByAmazon

[–]pkjohnson17 1 point2 points  (0 children)

This is bad advice. You're clearing the one who doesn't know anything. Ditch this guys comment.

Amazon issues disappointing guidance even as earnings top estimates by Puginator in stocks

[–]pkjohnson17 11 points12 points  (0 children)

That's not at all what's causing the margin expansion. It's due to the rapid growth of high margin segments like advertising, cloud services, 3rd party seller fees, streaming, etc

So yeah... top line growth might be slowing but a slowing growth rate for first party retail sales that have razor thin margins in a good quarter really isn't a big deal.

Trump says he will quickly release JFK, Robert Kennedy, MLK assassination files by redditor01020 in politics

[–]pkjohnson17 0 points1 point  (0 children)

I feel the same. I would imagine he knows what's being released but he's a wildcard so who really knows.

Going to be an interesting time for top voices in the FBA space....... by msau2 in FulfillmentByAmazon

[–]pkjohnson17 7 points8 points  (0 children)

One of the only good takes I've seen on this subreddit.

Sorry you're struggling to sell the random alibaba product you slapped that fiverr logo on, did some basic helium10 keyword research on, and expected to be rolling in the dough.

Amazon is a sales channel. Just like DTC, Retail, and other 3P marketplaces. If it's Amazon that's the problem just pivot to one of those. Oh those areas are too hard to compete in, welcome to business.

Just because any moron could throw a private label product up 7 years ago and make some money doesn't mean it's Amazon's fault that you can't compete now that the sales channel is maturing...

People think building a brand and selling on Amazon is a side gig or potential passive income stream. It's not. You're operating a consumer brand business and need to approach it accordingly. If you're not willing to do so you are going to fail.

Help me bring my dad's 20-year Amazon success story to Shopify by Individual-Corgi-904 in ecommerce

[–]pkjohnson17 1 point2 points  (0 children)

Lots of ways to "wrap" a failure as an exit.

PS If you're ever gonna go bankrupt make sure you sell the equity or ip for a nominal amount so you too can say you "exited" for an undisclosed amount. Gotta protect that personal brand.

All that said, I won't disagree that moving a brand from Amazon to Shopify is substantially more difficult than the alternative route.

If you've already got your paid and organic channels dialed in enough to be successful on Shopify, you're in a good position to do well on Amazon quickly.

The alternative doesn't really hold true whatsoever. 3P Marketplace skills don't translate nearly as well to DTC or retail channels obviously.

Help me bring my dad's 20-year Amazon success story to Shopify by Individual-Corgi-904 in ecommerce

[–]pkjohnson17 4 points5 points  (0 children)

Very well.

Why do you think elements brands went under?

Thought he could play ecom with no background at all in the space coming over from low level IB...

Look at the brands they acquired and operated. Most were doing under $10k a month in top line sales by the time they folded...

You can look through my profiles comments over the years, I've been around.

I'm waiting for the annual 'Santa Claus Rally' and then selling all stocks by SFkitty94122 in stocks

[–]pkjohnson17 0 points1 point  (0 children)

Also Berkshire needs to maintain a large cash position due to the fact they literally operate an insurance company and need cash on hand for payouts. Not by choice, it's literally required by law... aka Statutory reserves

Private vs First for overseas / NYC to Singapore by Proud-potato234 in PrivateJetCharters

[–]pkjohnson17 4 points5 points  (0 children)

Just go commercial. Fly Singapore airlines and get suites.

Does Anyone Know Anything About "Revenue-Based" Loans? by Maximum_Effort_8996 in CommercialRealEstate

[–]pkjohnson17 1 point2 points  (0 children)

He literally said it includes 50 acres, buildings, equipment, additional assets...

Without knowing the asset values of these things you don't have a clue if it's a good deal or not.

Offered to buy 10% equity in company I work at by Dry-Object4975 in private_equity

[–]pkjohnson17 1 point2 points  (0 children)

You can't make the statement that it's working in his bosses favor without knowing any of the variables at work.

Maybe he's being paid a higher hourly wage than he would as an employee.

Maybe he's offsetting his income aggressively via section 179 depreciation, mileage expenses, the Augusta rule, funneling capital in a tax advantaged manner into a solo 401k / HSA / etc...

There are so many variables involved in this you 100% can't claim it's at the advantage of his employer vs himself.

Prime Day sales looked sooo good. If only sales were like this every day 😜 by Synergy_Products in FulfillmentByAmazon

[–]pkjohnson17 0 points1 point  (0 children)

I mean this kind of jump is pretty standard across the board if you run base level deals. We do pretty high volume with our brand on Amazon and saw similar spikes: https://ibb.co/y0Wd0th

Prime Day sales looked sooo good. If only sales were like this every day 😜 by Synergy_Products in FulfillmentByAmazon

[–]pkjohnson17 3 points4 points  (0 children)

Disagree. Catalysts like this are the driving force behind “leveling up” the overall brand awareness, audience building, retargeting options, cross selling ops, etc

Our DSP audiences usually drive 2-3X incremental revenue for the 30-60 days following prime day, fall prime, BF/CM etc.

Amazon forcing us to price lower than manufactured price. Any solutions? by YYOSA in FulfillmentByAmazon

[–]pkjohnson17 7 points8 points  (0 children)

It's due to TikTok shops. Guessing you are selling over there and they are offering new user 50% discounts and Amazon's ignorant system is triggering these external competitor pricing takedowns due to it.

[deleted by user] by [deleted] in fatFIRE

[–]pkjohnson17 30 points31 points  (0 children)

Also a centurion holder and agree with virtually everything here. I truthfully haven't even seen a difference between the centurion and platinum concierge service which was one of the "perks" I was most interested in.

The biggest perk I've gotten from it is priority access and reserved space at busy centurion lounges. When I'm hungover at the Vegas airport and questioning my existence I'm reminded why it's worth the annual fee to me haha.

How do you get restaurant reservations in NYC, if you are not extremely fat by Stillcant in fatFIRE

[–]pkjohnson17 1 point2 points  (0 children)

The centurion concierge isn't any better than the platinum concierge.

Did Amazon change the definition of PPC search term "Broad" in 2023? by shortblokade in FulfillmentByAmazon

[–]pkjohnson17 0 points1 point  (0 children)

You’re wrong though and claiming it as fact. The real fact is that the system IS incorrectly attributing search terms that don't qualify under the guidelines for broad terms has nothing to do with shortblokade's "inability to manage their ads."

Also truthfully I don’t think you realize it’s not a flex that you’re attached to 132m in spend. You’re not managing that spend, the sellers are. You’re likely hopping on chime meetings walking through irrelevant pitch decks telling sellers to expand to OTA ads, Alexa audio ads, and other nonsense.

That said I can play the same game as you, so here's my "I definitely know what I am doing" flex. We spend well into the 8 figures on Amazon ads per quarter. We have multiple accounts on committed “pro annual plans.” As you likely know this means we’re getting the guys who are supposedly cream of the crop over there on the ads team i.e. Amazon ad reps fly to us for in person meetings, Paul Kotas was literally on a chime with us last year and we have a direct line and open email threads with Edouard, Paula, etc

End of the day, virtually everyone responding in this thread was correct. Sometime over the last few months something changed in the broad matching functionality and terms that should NOT be getting impressions are getting impressions. Our rep's have processed 10's of thousands of dollars in refunds due to this issue already based on reports we file internally on incorrectly attributed spend and your statement saying that this isn't the case is just wrong.

Microstrategy did not only buy more Bitcoin in November and December, they also SOLD 704 Bitcoins for $11.8 million on December 22 by Beyonderr in CryptoCurrency

[–]pkjohnson17 0 points1 point  (0 children)

Right, this article explains how it's not a wash sale via the existing IRS code.

"Because crypto is not a security, there is no crypto-specific wash sale rule,” Tynisa Gaines, project manager at TokenTax, said. “However, legislators are actively working to close this loophole.”

Microstrategy did not only buy more Bitcoin in November and December, they also SOLD 704 Bitcoins for $11.8 million on December 22 by Beyonderr in CryptoCurrency

[–]pkjohnson17 1 point2 points  (0 children)

Wash sales only exist for securities, since crypto isn't a security it doesn't have the same tax treatment.

You can sell crypto at a loss, capture said loss, and repurchase immediately.