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Amazon announces Q4 2023 results [pdf]
- samspenc 3y agoFrom the report, for Q4: • Net sales increased 14% to $170.0 billion in the fourth quarter, compared with $149.2 billion in fourth quarter 2022. • Operating income increased to $13.2 billion in the fourth quarter, compared with $2.7 billion in fourth quarter 2022. • Net income increased to $10.6 billion in the fourth quarter, or $1.00 per diluted share, compared with $0.3 billion, or $0.03 per diluted share, in fourth quarter 2022.
- paulpauper 3y agoAMZN up 10% AH, along with similar gains for Meta. Big tech is the greatest investing or economic paradigm in a long time. Although big tech companies have always existed, like IBM, Cisco, or Bell Labs, this is on another level. We're talking not just companies as in supplying end-goods to customers, but quasi-sovereign entities which have embed themselves into the infrastructure or fabric of the economy or society itself , such as logistics, cloud, delivery, etc. The closest historical parallels would be the Mississippi and South Sea Companies, which in present day dollars were worth trillions of dollars too. This is probably the closest to e-acc on Twitter. When people ask "when will the acceleration happen," or "what will it look like," it's this and now. Anyone can participate in this revolution (or evolution, depending on how you look at it). Who would have guessed that one could achieve returns comparable to the greatest hedge fund managers ever, even comparable to Renaissance Technologies or Warren Buffett, by merely investing in the biggest and most dominant and visible of tech companies over the past decade (and then adding a little leverage).