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While you're right about Jeff's net worth, profit is also misleading as many times it's manipulated for tax gains/shield. Amazon is notorious for doubling down
by bduerst 7y ago
While you're right about Jeff's net worth, profit is also misleading as many times it's manipulated for tax gains/shield. Amazon is notorious for doubling down on reinvesting into capex and maintaining a thin profit margin.
Either way, Amazon profits would not be hit by the full $13B increase - more likely profits would remain unchanged, while capex and other investments would go down by that amount.