AdrianHancu
Summary
- Amazon.com, Inc. had a disappointing, but not surprising, Q4.
- The company continues to spend on AWS, which we think is unnecessary given the current macro environment.
- After digging around under the financial hood, we believe that Amazon’s management used Q4 as an opportunity to clean the financial house.
Head In The Cloud
In a long-ago time, things were just right for Amazon.com, Inc. (NASDAQ:AMZN). Interest rates were low, consumer sentiment was strong, and the skies were cloud-free. The company was seemingly unstoppable as it expanded beyond its online store and into cloud-based computing with Amazon Web Services (AWS), the grocery business with its acquisition of Whole Foods, and myriad other services such as Prime Video and Music.
READ FULL ARTICLE HERE!
