Last year, after accusing the corporate culture at Amazon.Com of having “a toxic vein running through it,” Tim Bray told The New York Times it should be broken up, its store separated from its cloud.
I want to second the motion. But I think it will make me (and Jeff Bezos) a ton of money.
As I write this, Amazon is valued at about 5 times sales. That’s rich for a retailer. Even Walmart and Costco aren’t worth their sales volume. But it’s super-low for a tech company.
During the first three quarters of this year Amazon had product sales of $145 billion. But it had service sales of about $115 billion. Product sales grew at an annual rate of 32%. Service sales were up 38%.
On January 14 Amazon’s market cap was about $1.58 trillion. How would the value of the pieces compare to the whole?
They wouldn’t not at first.
Recent Comments