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Originally Posted by Tausif
They have a huge cloud business and often get compared to the big technology companies such as Facebook and Google mostly because the stock trades like a tech stock and valued much more than the other giants. In fact, more than half of their operating income comes from AWS. A lot of their revenue is also coming from products such as Echo and Alexa. Their core business is not just retail business anymore and the article is merely on the new median pay data that public companies are releasing recently.
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I don't deny that. but cloud business is not manual labor intensive. AWS requires a couple of engineers and developers only.
There's a reason Amazon's total workforce is 500k+ and their tech rivals are usually less than 80k (FB is only like 25,000). The difference is that the others don't have fulfillment centers to maintain. Buying WholeFoods only added to that discrepancy.