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Obviously Amazon's e-commerce division is not worthless, but it often happens that conglomerates are worth less than the sum of their parts. Many activist inves

by fmajid 4y ago

Obviously Amazon's e-commerce division is not worthless, but it often happens that conglomerates are worth less than the sum of their parts. Many activist investors have been calling to split AWS from Amazon.com, but the ad business can't be split from the store that brings it eyeballs.

repsilat 4y ago
> less than the sum of their parts At least with e-commerce and advertising it's clear they're worth more together. Without advertising the profits would be thin, and without e-commerce the advertising couldn't exist.