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.
Amazon. No company has impacted the internet — and all of modern life — more than this one. We’ve waited seven years to do this episode, and are so, so excited to finally dive into every nook and cranny of this legendary company. And of course because we’re Acquired and this is Amazon, we couldn’t contain it all to just one episode… even a 4+ hour one! So today we focus on Amazon.com the retail business, and we’ll have another full episode on AWS coming soon. And because all great series are trilogies, to fully understand Amazon we highly recommend starting first with our previous episode on Walmart, which truly is the giant’s shoulder that Jeff Bezos stood upon. Let’s go!!
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