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I don't understand how you're calculating this. I think you missed a couple of zeroes? If you take that $260k/minute number and assume it's true for the whole
by burke 10y ago
I don't understand how you're calculating this. I think you missed a couple of zeroes?
If you take that $260k/minute number and assume it's true for the whole day (clearly it won't be overnight, but bear with me), that's (260,000 * 60 * 24 =) $374M. A third of a billion, a far cry from 1/300.
- base 10y agoYou are making your calculations based on the peak minute of the day, I'm checking now and it's around half that and it's middle of the day in the US. I imagine during the night is several times less than 260k.
- burke 10y agoOf course, but not 100x less. Amazon's number is definitely substantially higher, don't get me wrong, but 300x is just not right.
- base 10y agoI underestimated Amazon sales on my initial comment, it's around 3bn: http://fortune.com/2016/11/25/black-friday-online-sales/ http://fortune.com/2016/11/25/black-friday-online-sales/ The numbers are big but far from giants like Amazon and Alibaba: http://www.cnbc.com/2016/11/11/singles-day-news-alibaba-poised-to-smash-records-at-worlds-largest-online-shopping-event.html http://www.cnbc.com/2016/11/11/singles-day-news-alibaba-pois...