Ben Gilbert: belief

Transcript context

…Enormous for Amazon margins. Okay, but enormous raw dollar margins, absolute dollar margins. This is a business that they can generate billions and billions of dollars in profits by operating and is effectively a public utility. The market sizes, I think I said 120 billion earlier, but I think that's being conservative and growing at 30% per year with no end in sight of this thing, continuing to compound at that rate. I always used to think about and talk about the mega trend of our lifetimes is the Internet believing the Internet. That's the bedrock of modern life. AWS is what powers the Internet, that's true. What I've realized here, it's more than the Internet. It is anything that a computer could touch. AWS takes a tax on that, essentially. Now to bring it full circle, anything a computer could touch is the Internet. It's one in the same these days. Jeff, it's a crazy statement, but I think he's right. Its market size is unconstrained.…

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