Capital expenditure exceeded revenue?
If I'm reading this right, AWS capital expenditure ($34B+) for the quarter exceeded its revenue ($33B)?
This seems fine and not in any way an unsustainable bubble.
Amazon juggernaut continues hauling in more cash despite recent bad news
Despite a trickle of bad news from Amazon in recent weeks, the company's business is thrumming along, with AWS leading the way. Amazon reported earnings for its third quarter on Thursday and investors were tickled, sending the stock up more than 13 percent after hours. The company beat on most metrics, and posted 20 percent …
Biting the hand that feeds IT
