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To be honest, I still do not fully understand what the claim is. Amazon has 3 segments: US, Europe and AWS. Its 10-Qs/10-Ks disclose all of the information that
by mamonster 3y ago
To be honest, I still do not fully understand what the claim is. Amazon has 3 segments: US, Europe and AWS. Its 10-Qs/10-Ks disclose all of the information that is required by US GAAP w.r.t what information should be available for a segment.
Is the claim that simply stating "The entirety of what happens on the Amazon website in the US is one segment" is wrong? What subsegments would you want to see?
- panarky 3y agoCory can't believe that Amazon's non-AWS units combined have such low profit margins. But he never explains how, exactly, decomposing the non-AWS income statement into separate income statements for each non-AWS activity would somehow uncover hidden income. How could it not show that some activities were profitable, others lost money, and the sum matches the aggregate reported in the 10-K?
- joshribakoff 3y agoPerhaps the suggestion is that Amazon’s retail operation is over-billed by the AWS operation… so on paper it looks like AWS is taking in profits that actually wouldn’t exist if not for the retail revenue
- panarky 3y agoHow would disaggregating the non-AWS segment into smaller sub-segments show that AWS is inflating intracompany billing?