"The combined yearly revenue of Amazon, Apple, Alphabet, Microsoft & Facebook is $1.2 trillion, >25% higher than [before] pandemic. In less than a week, those 5 giants make more in sales than McDonald’s does in a year." @ShiraOvide on where we've arrived: nytimes.com/2021/04/29/tec…
"America’s technology superpowers aren’t making bonkers dollars in spite of the deadly coronavirus and its ripple effects through the global economy. They have grown even stronger *because* of the pandemic. It’s both logical and slightly nuts."
"The dictionary doesn’t have enough superlatives to describe what’s happening to the five biggest tech companies. It’s all a bit awkward, really."
That's exactly it. I've found it hard to find language to capture Amazon's growth. You start using comic-book words.
#fulfilllment
This might actually be the most telling quantification: "The Seattle company’s profits in the year since the pandemic started exceeded $26 billion, *more than the previous three years combined*." [emphasis mine] wsj.com/articles/amazo…

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More from @AlecMacGillis

29 Apr
This is such a good @tripgabriel piece about how the Democrats have lost their grip on Iowa. It goes to the heart of FULFILLMENT: the political divides aren't just urban-rural, they're also about struggling formerly Democratic small cities like Burlington. nytimes.com/2021/04/27/us/…
"Schools have closed...young people with college degrees have fled for opportunities in Des Moines or Chicago. Employers have backfilled jobs w/ immigrants, often after weakening unions and cutting pay. 'There’s just a discontent, an unhappiness here seeing communities shrink.'"
Key detail: "In places like Des Moines County [Burlington], people now must drive far to see a dentist or buy a pair of shoes and all of those hours in their cars have increased influence of right-wing radio. 'People are driving all the time, they’ve got radios on all the time.'"
Read 5 tweets
23 Apr
What it's come to: people buying "trophy trees" that can each cost almost as much to find, move, and install as the median US sales price for an actual home. wsj.com/articles/the-n…
"Mr. Acree drives his wealthy clients around South Florida in search of the perfect tree, whether a giant kapok, an enormous canopied oak, a baobab, a ficus or a banyan...He gave an estimate of $250,000 to relocate a tree for a wealthy homeowner on Miami’s Indian Creek Island."
Read 4 tweets
20 Apr
.@DouthatNYT totally gets FULFILLMENT.
nytimes.com/2021/04/20/opi…
And I am really curious what people make of his conclusion.
The comments speak volumes. "Amazon helped keep us alive during Covid, delivering a variety of goods to us 2 or 3 times a week for 12 months. And even tho both of us have had vaccinations, we remain wary of going to crowded, enclosed spaces, and therefore continue to use Amazon."
Read 4 tweets
16 Apr
Glad to see Amazon's @JayCarney is now engaging in the growing conversation around FULFILLMENT. nytimes.com/2021/04/16/boo… A few quick thoughts in response:
.@JayCarney writes, "The book somehow casts Amazon in the role of villain, ignoring the fact that Amazon has been a positive force in the US economy, creating 400,000 much-needed jobs last year alone.”
It’s precisely this extraordinary growth and dominance that is now at issue.
I mean, I never could've imagined when I set out to write FULFILLMENT that the company, and the way of life it represents, would become so vastly more dominant in a single year.
And remember: those warehouse jobs have replaced countless lost brick & mortar ones. See: Chapter 8.
Read 6 tweets
10 Apr
"Harvard researchers who have been following 224 children ages 7 to 15 found two-thirds had clinically significant symptoms of anxiety and depression btwn Nov 2020 and Jan 2021. That is a huge jump from 30% with anxiety and depression before the pandemic."
wsj.com/articles/pande…
"Particularly delicate are the years from 8 to 14. The years around puberty are ones of greater neuroplasticity, when the brain is particularly sensitive to external events and learning experiences."
"Michaela Voss, director of the eating disorders center in KC, says admissions for kids w/ eating disorders have risen substantially. With many schools shut and sports canceled, some children felt 'there was nothing else to do but exercise and stare at their bodies in mirrors.'"
Read 5 tweets
7 Apr
This is a good @jonathanchait on Mitch McConnell's shift on corporate speech: nymag.com/intelligencer/…. I would note, tho, that it's not the case that no one doubted Mitch's sincerity when it came to defending campaign $$ as speech. "The Cynic" laid that bare as a tactical gambit!
Here fwiw is the relevant section from The Cynic about how McConnell came to adopt the "campaign $$ is speech" argument against campaign finance reform. It was pure political calculus. 1/3 Image
Image
Read 5 tweets

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