Cable companies and other infrastructure companies have been focusing on free cash flow and revenue over profit for generations. Interest rates have fluctuated

Cable companies and other infrastructure companies have been focusing on free cash flow and revenue over profit for generations. Interest rates have fluctuated a lot in that time. Amazon started to be very profitable because they couldn’t reinvest all that money into growing the business in a meaningful way. The timing aligning with when they stopped their Covid-buildout because sales behavior returned to in-store, they started scaling back the billions a year they wasted on Alexa, and started scaling back various moonshot ideas like Amazon Go stores.