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Is Amazon Cashflow Like Float?
Amazon today is a $1.5 trillion company that has not raised any material capital since that debt offering that they paid off in 2004. They are financing the business entirely with float until, of course, we'll get to AWS and now they can actually finance it a lot more with just straight up operating income. The internet business model and e-commerce totally flips it on its head because of the completely different way that the distribution works and that inventory works.