Is this Jeff Bezos' jump-the-shark moment?

How's this for hubris? A dot com entrepreneur buys a DC institution (The Washington Post) for no apparently obvious reason, other than that he can.

Amazon itself is a very frothy dot com stock with debt and sales margin issues.

Sign of a top? I mean the stock market, not AMZ necessarily.

 

Controlling the media outlet that puts the spin on politics is pretty cool. Probably better than owning a sports team.

The globe now the post.

I hope the leftists realize lying to the country and supporting destructive policies and politicians is very bad for circulation.

 

He said he wasn't going to "change the spirit" of the paper.

I was kinda hoping he would... become a beacon of truth.

America needs SOMEBODY in the MSM to start reporting the truth!

 

Didn't cult leader sun yun moon own that paper?

 

Did he overpay? Boston Globe went for $71million.

 

Is this Jeff Bezos' jump-the-shark moment?

1 word, no!

 

A billiionaire buys a trophy asset.
That never happens.

 

When in the cycle do rich people usually buy their trophy assets? Tops, or bottoms?

 

All the time.
Especially when it's less than 1% of your net worth.

 

Can you show me any of these trophy purchases that took place in March 2009? When they would have been fantastic value.