2019-02-19 — wolfstreet.com
[Not renewing the HQ2 search] means that Amazon has decided it didn't really need this big facility. Is it worried about retail sales not holding up? Is it fretting about competition from the biggest retailers in the US and elsewhere as they catch the drift of e-commerce? Is it worried about a slowdown at AWS, its big data-center money maker, now that the exuberance about the "cloud" is waning? Is it worried that in the future, investors will once again hound it about ballooning expenses, and hammer its stock price to smithereens? This was a move designed to keep operating expenses and capital expenditures from ballooning further. Laying off people is one thing when push comes to shove, but getting rid of a monstrous multi-billion-dollar HQ2 is another.
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Forget soaring rents for apartments, forget higher home prices, and surging rents for office and industrial space, forget booming commissions. That whole dream went up in smoke today -- in a market that has already come under pressure.
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