Jeff Bezos has said on recent earning calls, hey, we're going to be moving back towards profitability. That's the exact opposite message of what Jeff Bezos said in the 2020 letter right when COVID hit. I think that's too difficult of a future to see to cannibalize current aid. If you held Amazon ad infinitum and you owned 100% of the company, would you ever be profitable on your business to buy it for a trillion and a half dollars? It's the Warren Buffett Ben Graham. Truly.
So, how DID an online book retailer end up building the infrastructure layer that powers the entire internet? (Or at least 39% of it, per latest market share data.) While many myths, legends, and some downright falsehoods exist, the real answer to that question deserves a full Acquired episode of its very own. So here it is: the story of Amazon Web Services. Who’s got the truth? Tune in and find out. :)
If you want more Acquired, you can follow our newly public LP Show feed here in the podcast player of your choice (including Spotify!).
Sponsors:
Statsig: https://bit.ly/acquiredstatsig24
Vanta: https://bit.ly/acquiredvanta
Crusoe: https://bit.ly/acquiredcrusoe
Links:
Carve Outs:
Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.