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I understand approximating present value by discounting cash flows but not how you would come to the conclusion that the eCommerce business is valued at zero be
by arcturus17 4y ago
I understand approximating present value by discounting cash flows but not how you would come to the conclusion that the eCommerce business is valued at zero because the sum of AWS and ads make the total of the market cap.
- spoonjim 4y agoYou don’t, that is an inaccurate conclusion because the ads business would not exist without the e-commerce business.