4 ms·

That’s more revenue than they pull in from Italy in an entire year. https://www.statista.com/statistics/881406/amazon-revenue-by-business-in-italy https://www.s

That’s more revenue than they pull in from Italy in an entire year. https://www.statista.com/statistics/881406/amazon-revenue-by-business-in-italy https://www.statista.com/statistics/881406/amazon-revenue-by... They took a massive loss on that fine so it’s way more than a finger wave. Please put some effort into justifying your statements.

john37386 5y ago
Amazon is not profitable. AWS is.
- konschubert 5y ago
  Parent is talking about revenue not earnings.
  - deleted 5y ago
    [deleted]
- ausudhz 5y ago
  Amazon is profitable as well, very low margin compared to AWS but still profitable. If you see the 2020 numbers Amazon has made 21.33B (on 386B revenue). AWS business in 2020 has generated 13.5 of that (with a 45B revenue)
mrzool 5y ago
That's paywalled... do you mind posting the number here?
hardwaresofton 5y ago
[EDIT] - "profits" -> revenue. Wrote the same comment twice and only made the mistake here. Amazon consistently makes over 90B in revenues quarterly. Fining more than revenue in Italy is one thing and may look bad on paper if you take an italy-centric view but 1B is ~1% of Amazon's quarterly revenue. Amazon is a massive company and Italy could be a loss-leader for years maybe even decades and not make a dent. All the while Italian businesses suffer and wealth compounds somewhere else. There's also no absolute way to measure the market share/billions (and in which related markets) they've captured by the abuse they've perpetrated. Generally governments fine too little and too late, not too much and too early.
- jsnell 5y ago
  I don't know where you're getting that 1% number from, but it's off by 20x. Amazon's profit per quarter is about $5B.
  - hardwaresofton 5y ago
    [EDIT] Apologies was mistaken here -- I did mistakenly write "profits" here, meant to point at revenue. See: https://news.ycombinator.com/item?id=29495949 https://news.ycombinator.com/item?id=29495949
- diogofranco 5y ago
  This is completely wrong, 1B is more like 1/3 of Amazon's global profits last quarter. They might never profit enough from Italy to make up for this.
  - hardwaresofton 5y ago
    [EDIT] - Apologies, you are right -- I mistakenly wrote "profit" -- I meant to only discuss revenue. The comment has been corrected now. Please note that I'm talking about revenue not profit ("income"). In 2020 (and 2021, which to be fair are maybe a little bit skewed) Amazon was consistently making >$90B in revenue for the quarter. Key word being revenue. > The company also delivered its largest quarter by revenue of all time at $125.56 billion, pushing it past the symbolic $100 billion mark for the first time.[0] Wow it's frustratingly hard to find such a simple thing as revenue for a company graphed by quarter -- ycharts is at least straight forward[1]. [0]: https://www.cnbc.com/2021/02/02/amazon-amzn-earnings-q4-2020.html https://www.cnbc.com/2021/02/02/amazon-amzn-earnings-q4-2020... [1]: https://ycharts.com/companies/AMZN/revenues https://ycharts.com/companies/AMZN/revenues
    - diogofranco 5y ago
      But revenue isn't really interesting, is it? Amazon won't pay the fine in lost revenue, it will pay it with profits.
djrockstar1 5y ago
That link is quite unhelpful to someone who doesn't have a $39/month account, could you mention the revenue amount, or link to the source of the data?

john37386 5y ago

Amazon is not profitable. AWS is.

konschubert 5y ago
Parent is talking about revenue not earnings.
- deleted 5y ago
  [deleted]
ausudhz 5y ago
Amazon is profitable as well, very low margin compared to AWS but still profitable. If you see the 2020 numbers Amazon has made 21.33B (on 386B revenue). AWS business in 2020 has generated 13.5 of that (with a 45B revenue)

mrzool 5y ago

That's paywalled... do you mind posting the number here?

hardwaresofton 5y ago

[EDIT] - "profits" -> revenue. Wrote the same comment twice and only made the mistake here. Amazon consistently makes over 90B in revenues quarterly. Fining more than revenue in Italy is one thing and may look bad on paper if you take an italy-centric view but 1B is ~1% of Amazon's quarterly revenue. Amazon is a massive company and Italy could be a loss-leader for years maybe even decades and not make a dent. All the while Italian businesses suffer and wealth compounds somewhere else. There's also no absolute way to measure the market share/billions (and in which related markets) they've captured by the abuse they've perpetrated. Generally governments fine too little and too late, not too much and too early.

jsnell 5y ago
I don't know where you're getting that 1% number from, but it's off by 20x. Amazon's profit per quarter is about $5B.
- hardwaresofton 5y ago
  [EDIT] Apologies was mistaken here -- I did mistakenly write "profits" here, meant to point at revenue. See: https://news.ycombinator.com/item?id=29495949 https://news.ycombinator.com/item?id=29495949
diogofranco 5y ago
This is completely wrong, 1B is more like 1/3 of Amazon's global profits last quarter. They might never profit enough from Italy to make up for this.
- hardwaresofton 5y ago
  [EDIT] - Apologies, you are right -- I mistakenly wrote "profit" -- I meant to only discuss revenue. The comment has been corrected now. Please note that I'm talking about revenue not profit ("income"). In 2020 (and 2021, which to be fair are maybe a little bit skewed) Amazon was consistently making >$90B in revenue for the quarter. Key word being revenue. > The company also delivered its largest quarter by revenue of all time at $125.56 billion, pushing it past the symbolic $100 billion mark for the first time.[0] Wow it's frustratingly hard to find such a simple thing as revenue for a company graphed by quarter -- ycharts is at least straight forward[1]. [0]: https://www.cnbc.com/2021/02/02/amazon-amzn-earnings-q4-2020.html https://www.cnbc.com/2021/02/02/amazon-amzn-earnings-q4-2020... [1]: https://ycharts.com/companies/AMZN/revenues https://ycharts.com/companies/AMZN/revenues
  - diogofranco 5y ago
    But revenue isn't really interesting, is it? Amazon won't pay the fine in lost revenue, it will pay it with profits.

djrockstar1 5y ago

That link is quite unhelpful to someone who doesn't have a $39/month account, could you mention the revenue amount, or link to the source of the data?