Amazon charges me $129 at the beginning of the year before I make any purchases on their website and they get to do stuff with that cash. It is an incredible form of float on top of many other forms of float that they have going on in their business. Amazon can work on charging even lower prices, providing even more vendor selection and even better convenience like all three on the Holy Trinity. That attracts more customers, more customers than attract more sellers and suppliers on the platform. And then that allows Amazon to get more operating leverage.
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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