Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
12 May 2022 Acquired Arena Show Part I: Idea Dinner + YC Continuity
“I think that on the retail side, they'll keep adding credit cards, advertising, Buy with Prime, leveraging their infrastructure across other retailers on the Internet, and all of those are high-margin products.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 12 May 2022
- Publisher
- Acquired
Transcript context
…To your point, I think their capex last year was something like 3X or 4X any of the other big tech companies because you're just building out these warehouses and data centers. Totally. To borrow a Bezos framework, I think you got to think about what's not going to change in investing. I think what's not going to change is: (1) the Internet is going to keep growing, so I want to own AWS. (2) I and others are going to keep buying more stuff online, so I want to own Amazon retail. I think that on the retail side, they'll keep adding credit cards, advertising, Buy with Prime, leveraging their infrastructure across other retailers on the Internet, and all of those are high-margin products. What happened (though) to Apple stock after Steve Jobs?…
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