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According to [0], Amazon owns $40B in real estate. Which isn't a lot compared to a $1.4T market cap. OTOH, if the cost of pushing people to RTO is less than $40
by DonsDiscountGas 3y ago
According to [0], Amazon owns $40B in real estate. Which isn't a lot compared to a $1.4T market cap. OTOH, if the cost of pushing people to RTO is less than $40B it's still worth it.
[0] https://azbigmedia.com/real-estate/how-much-land-does-amazon-actually-own/ https://azbigmedia.com/real-estate/how-much-land-does-amazon...
- thfuran 3y agoWhat do you mean? Unless they plan to sell, all the real estate value does for them is increase their tax burden. It's the companies that lease out commercial real estate that need to maintain prices.
- fatfingerd 3y agoOnce companies are established they also tend to insist all their investments are legitimate barriers to entry. I doubt Sears would have lasted as long as it did if people didn't fear its ultimately worthless real estate investments.
- rsynnott 3y agoAmazon’s an outlier here, though. Most office-oriented employers lease most or all of their space.