Tyler Crowe

I would expect a high amount of investments in other companies.

If it was an insurance company or something like that, going out and making investments

investing in the float but this is an e-commerce software and platform company that's looking to invest in its platform looking to you know build out better multi-channel solutions for its clients as well as you know fending off this world of ai like how does shopify fit in this world of ai and yes the company throws off a lot of free cash flow and it has more than its needs and so

holding onto equity is not a big deal, but three quarters of its balance sheet is either cash equivalents like treasuries or investments in other companies.

Now, considering the quarter, missing earnings expectations, being in this investment heavy phase, as you mentioned, it seems like something's not squaring here is either management's, I would say like distracted by, you know, side quests of owning other companies rather than dedicating and allocating that cash back into the business to build out what it wants to do.

Now, Lou, I want to start with you, and then we'll get to Matt.

That's fair.

Again, in the vacuum, less familiar, you see all these equity investments.

You're like, that doesn't make a lot of sense.

The one thing I would point out, though, is that this is a company that does use a lot of stock-based compensation.

Throwing off a lot of cash while throwing off a lot of stock-based comp, maybe start using some of that cash to pay some investors, or pay your employees and let the investors not get diluted as much.

I wouldn't argue against that at all, Tyler.

Coming up after the break, Amazon's daring move into supply and logistics.

The transportation and logistics industry kind of got rocked yesterday after Amazon announced it was launching Amazon supply chain services that would allow third-party businesses to use Amazon's existing supply chain network that it uses for its internal shipping and transportation and all that stuff, and allow those third-party businesses to basically latch on and use these services just like it was previously

cloud services or any other pay-for type of service that amazon provides now there were dozens of companies in trucking shipping logistic stocks that dropped sharply in the news and i think the biggest examples of it and probably the most well-known names that this happened to was companies like ups and fedex both declining nearly 10 on the move so

I want to get into this question here is, will this really upend UPS and FedEx?

I mean, we can go in a lot of different ways, but the supply chain offering is much more than just shipping for what Amazon's doing.

It's doing fulfillment, storage and warehousing, air and ground freight, its ability to do store fulfillment, letting customers use its in-house multi-channel fulfillment software and integrations.

This is not just like, you know, give us your stuff and we'll ship it for you.

So my question is, is this the type of solution that would allow someone to buy logistics of box solution and kind of bypass a lot of this other stuff?