3 ms·
> This implies that in 2027, Amazon’s annual sales will be just a bit less than 10 percent of GDP. The author is using 2021 GDP numbers to compare to amzn's pr
by fnord77 5y ago
> This implies that in 2027, Amazon’s annual sales will be just a bit less than 10 percent of GDP.
The author is using 2021 GDP numbers to compare to amzn's projected sales in 2027
- oezi 5y agoThe main reason that the analysis is flawed is that Amazon just funnels their profits into R&D which hides it in plain sight. Last year they spend 45 bn USD on R&D which is 10% of their total revenue and double their profit.
- quickthrowman 5y agoIt’s not hiding profit, it’s reinvesting in growth… Amazon is saying to investors that they think they can give investors a better return on cash by reinvesting it into Amazon than distributing it to investors to put to work elsewhere.
- rightbyte 5y agoAre there not tax reliefs on RnD? It is more likely they hide operations as RnD.
- oezi 5y agoI don't think they are. Operations are reported separately. They are just having R&D 50% bigger than Google.