Amazon is continuing to grow at an astronomical rate and soon, it will surpass its cloud computing income by 2021. For a long time, the cloud computing business sector of Amazon was the cash cow within the business. This is where it was making a ton of its money. Now, with its advertising efforts, Amazon is growing even more. So many people are realizing the traffic that is generated on the site on a daily basis and want to tap into the consumer base.
Key Takeaways:
- Amazon has continued to amaze so many people on a consistent basis and only keeps growing.
- At one point, Amazon was trying to be an online bookstore and now it has something in seemingly every sector.
- Jeff Bezos is such an unbelievable, innovative leader who has grown this business exponentially.
“The firm reaffirmed its overweight rating for the internet giant’s stock, predicting its ad business profits will surpass its cloud computing income by 2021.”