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Here [1] we see that Amazon's (The Conglomerate's) profit was $513M. In the same article, we're told: The operating income for A.W.S. more than tripled in the
by late2part 10y ago
Here [1] we see that Amazon's (The Conglomerate's) profit was $513M.
In the same article, we're told:
The operating income for A.W.S. more than tripled in the quarter to $604 million.
Therefore, the conglomerate made $513M, and separately, a subsidiary company, AWS made $604M. This means that other parts of the conglomerate lost a total of $91M
Here's the 5 year old version.
If your family harvests 10 bananas, and you harvest 6 of them, and your family gives away 5 of them, you contributed more than your family kept.
[1] http://www.nytimes.com/2016/04/29/technology/amazon-q1-earnings.html http://www.nytimes.com/2016/04/29/technology/amazon-q1-earni...
- deleted 10y ago[deleted]