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How large are their resources? Keep in mind we are talking about clod computing here where the big 3 themselves should be doing 60-70 billion dollars in sales y
by enitihas 6y ago
How large are their resources? Keep in mind we are talking about clod computing here where the big 3 themselves should be doing 60-70 billion dollars in sales yearly, so large has to be relative to the Industry.
- est31 6y agoAccording to Wikipedia, Schwarz group had revenue of €104 billion in 2018/2019, while Amazon had revenue of $280 billion in 2019. The employee count of Schwarz group is 429k while for Amazon it's 840k. So Amazon is double in size overall. It's not an impossible thing for them. That being said, I think their current ambitions are more limited by just running their own infrastructure. https://en.wikipedia.org/wiki/Schwarz_Gruppe https://en.wikipedia.org/wiki/Schwarz_Gruppe https://en.wikipedia.org/wiki/Amazon_(company) https://en.wikipedia.org/wiki/Amazon_(company)
- Barrin92 6y agoThe Schwarz-Group (which operates the LIDL brand among a few others) is huge. They do about 100 billion in revenue annually and have half a million employees or so. However, I've never heard of them venturing into tech, although I guess it's possible. Walmart is pretty solid when it comes to tech, and there's certainly enough talent across Germany and Europe.
- AngusH 6y agoSchwartz Groupe Revenue quoted as €104.3 billion (18/19) and 420,000 employees (per wikipedia) edit: we all answered together!
- elcomet 6y agoTake a look at their Wikipedia page. They're the sixth-largest retailer in the world by revenue. And they have 100B euros in revenue, so not as big as Amazon (280B) but still huge.