I believe Amazon's revenue growth is slowing because they're beginning to saturate the consumer market. However, they're only just beginning to penetrate B2B su

I believe Amazon's revenue growth is slowing because they're beginning to saturate the consumer market. However, they're only just beginning to penetrate B2B supply (http://www.forbes.com/sites/clareoconnor/2014/05/07/amazons-wholesale-slaughter-jeff-bezos-8-trillion-b2b-bet/ http://www.forbes.com/sites/clareoconnor/2014/05/07/amazons-...). Many large internet companies have fundamentally dubious business models. Google and Facebook come to mind, both have advertising as their primary source of revenue, making their users the product. Amazon, on the other hand, provides something of enormous intrinsic value: the supply of any and all physical goods that can be put in a warehouse. This business is not going anywhere, and Amazon is only going to get better at it (faster, lower overhead, more products). In the scheme of things, Amazon's other offerings (AWS included) are relatively unimportant. IaaS and PaaS are relatively fungible, as is evidenced by Amazon's competitors (i.e Azure). Taking a loss of a few hundred million dollars on the Kindle Fire is a rounding error relative to Amazon's revenue, the amount invested yearly on new infrastructure and capital reserves. Also, if Amazon is issuing unsecured debt, it simply means more capital is needed to sustain the desired rate of infrastructure investment.