I never saw the appeal either.
My views are not shaped by the mainstream media. Thanks though. The Amazon’s of the world have decimated local economies. They are profit-oriented machines. They seek tax breaks AND subsidies. They open fulfillment centers and fill them with part-time workers. They gobble up and stymie competition. We used to break up such monopolies and now they are essentially propped up. Bezos earns something like $1,000 per second. He donates .0008% of his net worth and people clap. It’s like me or you donating $7. He gets zero credit for paying people below living wages of $15/hr. Try living in CT taking home $450/week. And how long until you can’t even leave the house without giving them money? Soon enough they’ll own the sidewalks and the air.
People get wealthy within a system or structure that allows and/or promotes their wealth accumulation. No one becomes wealthy in a vacuum. They should then contribute back to that society accordingly and proportionally. I could never become that wealthy. I would do something good with it and put it to use before it accumulated. Wealth is worthless if all it does it sit and grow. It needs to also contribute.
Shorted Netflix years ago on it's first big jump up. Shorted it at $297, it all time high at that time was 305, then it crashed down to 65-70, covered and went long. Kept my long position until it hit 700, then sold it. A couple weeks later they announced a 7-1 split, then it went from 95 to where it is now.
You must be thinking of a different company because Netflix never had that price action and never hit 700.
