American Greatness
Michael Busler
Sept. 17, 2018
In recent weeks, Amazon.com stock jumped in value, making the company the second (after Apple) to achieve a market cap of $1 trillion. Analysts barely took a breath before declaring the company could be the first to top $2 trillion.
“Amazon has increased its profitability as cloud computing, advertising and its marketplace for third-party retailers have powered growth,†TheStreet.com reported. But those aren’t the only factors pushing Amazon to new heights. Cronyism and cozy deals with government entities help as well.
For example, Bloomberg Businessweek magazine recently reported that in some places, Amazon isn’t paying for all the electricity it uses to run its web servers. Instead, it cuts deals to pass the costs on to neighboring consumers.
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https://amgreatness.com/2018/09/17/amazon-soars-on-the-wings-of-cronyism/