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The engine for Amazon earnings growth has nothing to do with e-commerce

3 points| roadkillon101 | 7 years ago |marketwatch.com | reply

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[+] roadkillon101|7 years ago|reply
It's interesting that Amazon Web Service (AWS) makes them profitable, NOT the e-commerce business. Like many others, I buy plenty of stuff there, but without their cloud infrastructure, there would be no Amazon. In fact, they found a way to monetize their excess cloud capacity for their e-commerce platform which is probably the most expensive resource to build and keep idle is a stroke of genius in hindsight.