this post was submitted on 18 Oct 2024
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Work Reform

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[–] [email protected] 2 points 3 weeks ago (1 children)

You think Amazon is secretly massively investing in local small businesses??

[–] [email protected] 0 points 3 weeks ago (1 children)

No. They invest in funds that own buildings that rent to small businesses.

They need businesses to stay so they can charge them rent. The Amazon owned buildings then maintain and grow their value with inflation.

Think about inflation - who does it benefit? Only property owners.

[–] [email protected] 1 points 3 weeks ago (1 children)

Amazon is landlords now? I've never heard of any of these funds.

[–] [email protected] 5 points 3 weeks ago (1 children)

Not directly but any big company that has any form of corporate retirement benefit has it through private equity. I highly doubt any of it is publicly traded. But Amazon itself owns 25 buildings in the South Lake Union area of Seattle.

[–] [email protected] 1 points 3 weeks ago

Amazon doesn't do pensions or any sort of corporate retirement benefit...it's all 401k like most US companies. Pensions are very rare here.