Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
16 Aug 2022 Acquired Amazon.com
“I think strictly speaking, that is not a true statement. They have been issuing debt, but I think that is not for financing the business.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 16 Aug 2022
- Publisher
- Acquired
- Episode
- Amazon.com
Transcript context
…Yes. Amazon today is a $1.5 trillion company that has not raised any material capital since that debt offering that they paid off in 2004 or 2005-ish. They are financing the business entirely with float until, of course, we'll get to AWS, and now they can actually finance it a lot more with just straight up operating income. Actually, that, we should say. I think strictly speaking, that is not a true statement. They have been issuing debt, but I think that is not for financing the business. I think it's like a treasury capital management. Okay. All right, fine.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.