Amazon Q4 2022 Financials • ongoing by Tim Bray
www.tbray.org/ongoing/When/202x/2023/02/03/Amazon-Q4-2022
What Jamie wrote
Bray used to work at AWS, and is not a financial analyst, but is a very smart developer.
Amazon as a whole isn’t really very profitable. Its retail sector loses money, and that loss is made up by the tens of billions of gravy coming in from AWS and Advertising.
Why is this business structure considered rational? And why is it legal for Amazon to be the prime competitor of the economy’s whole retail sector while not having to make a profit?
There are a lot of reasons Amazon doesn't want to spin off Amazon Web Services, but agree with Bray that they should, and I wonder if the day is coming when they will be required to.