"Amazon as a whole isn’t really very profitable. Its retail sector loses money, and that loss is made up by the tens of billions of gravy coming in from #AWS and Advertising.

Why is this business structure considered rational? And why is it legal for #Amazon to be the prime competitor of the #economy’s whole #retail sector while not having to make a #profit?"

https://www.tbray.org/ongoing/When/202x/2023/02/03/Amazon-Q4-2022 by @timbray