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How do you reconcile this belief with big tech companies being some of the largest bureaucracies on Earth, yet they continually build incredible and unique prod

• mritchie712 3y ago
  What big tech company built a unique product well after they were big? * Google is still mostly search * Amazon is still mostly an online store (small exception with AWS, but that was charcoal[0]) * Meta is still mostly facebook (unique products were acquired) etc. 0 - https://www.thehenryford.org/collections-and-research/digital-collections/expert-sets/101417/ https://www.thehenryford.org/collections-and-research/digita...
  • SeanAnderson 3y ago
    > Amazon is still mostly an online store (small exception with AWS, but that was charcoal[0]) What? I would express the opposite of this sentiment. Amazon is mostly AWS. Their online store's profit pales in comparison to AWS. https://www.fool.com/investing/2022/07/07/aws-chief-says-amazons-most-profitable-segment-is/ https://www.fool.com/investing/2022/07/07/aws-chief-says-ama... > Amazon overall generated $24.8 billion in operating profits in 2021, and AWS was responsible for $18.5 billion (or 74%) of it. Basically, a business segment that contributes 14% of overall revenue is generating roughly three-quarters of Amazon's total operating profits.
    • mritchie712 3y ago
      Right, I'm saying AWS is an outlier.
    • cma 3y ago
      Doesn't Amazon bucket their store ads (sponsored listings) under AWS?
    • hbrn 3y ago
      That's because Amazon's strategy was to not focus on profits in the first place. https://s2.q4cdn.com/299287126/files/doc_financials/annual/2004_shareholderLetter.pdf https://s2.q4cdn.com/299287126/files/doc_financials/annual/2...