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> Large capital investment at meaningful scale is not part these companies' culture, or competencies. Am I missing something? The latest Amzn 10-Q shows $45B o
by donavanm 5y ago
> Large capital investment at meaningful scale is not part these companies' culture, or competencies.
Am I missing something? The latest Amzn 10-Q shows $45B of “Purchases of property and equipment” $11B in lease principal payments in the past year. That’s on the $42B cash on hand and $26.9B net income. Cash flow and capital investment seems like the crank Amazon has been turning for 20 years?
- xkjkls 5y agoI think he means that Amazon isn't really an acquirer. Other than Whole Foods, I think their next biggest acquisition is Twitch? That's only two total acquisitions over ~1 billion over Amazon's entire history. For what is currently the largest market cap on earth, that's pretty shocking.
- kongolongo 5y agoZappos and Zoox were also both $1 billion acquisitions by Amazon Why only consider acquisitions over $1 billion though? They have quite a few $250 million+ acquisitions that were pretty big or key players in their respective niches.
- xkjkls 5y agoBecause a billion is a nice round number, and if you compare to other companies the same size, they've had a remarkably small number of acquisitions. Google has had Youtube, DoubleClick, Android, Motorola, Nest, HTC, Nest, Looker, Fitbit, Waze... and that's just what I remember. Facebook has had at least Instagram, WhatsApp and Oculus, but they've been around close to two decades less. For a company of Amazon's scale, it's lack of acquisitions is relatively surprising.