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Most of Amazon's revenue is retail sales. Buying a product for $10 and selling it for $10.10 is not comparable to $10 of government spending. After deducting co
by saddlerustle 6y ago
Most of Amazon's revenue is retail sales. Buying a product for $10 and selling it for $10.10 is not comparable to $10 of government spending. After deducting cost of sales and cost of fulfilment you're left with ~$60 billion.
- m0llusk 6y agoAre you sure about that? My understanding is that the bulk of their profits are from Amazon Web Services. That is potentially a factor that contributes to this skewed and awkward framing of labor.
- csours 6y agoYou are both right. The bulk of PROFITS is in AWS. The bulk of ECONOMIC ACTIVITY is in amazon.com sales.