We can estimate the value of AWS and marketplace by comparing to Azure, eBay, etc. So it's not that hard to put a number on those businesses. That leaves the le

We can estimate the value of AWS and marketplace by comparing to Azure, eBay, etc. So it's not that hard to put a number on those businesses. That leaves the legacy business, selling stuff on the internet. The history of "integrated" businesses is generally poor. Has your bank tried to get you to invest in a mutual fund or buy life insurance? It's natural adjacency and yet no bank has managed to make it work. Here is the former head of Amazon programming basically admitting that Netflix is impossible to compete with. Multiply across every other product category. https://twitter.com/ballmatthew/status/973382126992175104 https://twitter.com/ballmatthew/status/973382126992175104