📦➡️☁️ Amazon is quietly changing its money machine Amazon is shifting capital away from low-margin e-commerce and doubling down on AWS, its highest-margin business. Why this matters👇 E-commerce needs heavy spending on warehouses, delivery, and labor — which keeps ROIC low. AWS, on the other hand, is asset-lighter, highly scalable, and generates much higher returns on invested capital. By allocating more investment to AWS, Amazon can: • Improve overall ROIC • Generate stronger free cash flow •
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