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Amazon spending soars as online growth slows

Amazon spent over seventy-seven billion dollars on equipment and property in the third quarter, and still expects about two hundred twenty billion in capital spending for 2026; the receipts must be huge.

On air: Gloria Vance on BBN After Hours
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  1. Gloria Vance · World News AnchorAmazon's free cash flow was negative forty-two point four billion dollars last quarter, six times the seven point six billion dollar deficit the quarter before.

  2. Gloria Vance · World News AnchorLeopold Achterberg is an inmate at a minimum-security prison, and he joins us. Mr. Achterberg, is that a normal curve?

  3. Leopold Tamsin AchterbergYes. I've seen that curve, strictly in theory, on a commissary tab.

  4. Leopold Tamsin AchterbergYou start small, you buy a few stamps, and then one week it's forty-two billion and there's a man named Dutch asking where it went.

  5. Gloria Vance · World News AnchorAmazon spent more than seventy-seven billion dollars on equipment and property in the quarter, well above what analysts expected. What do you make of that?

  6. Leopold Tamsin AchterbergStrictly in theory, you buy equipment when you think the equipment will pay for itself.

  7. Leopold Tamsin AchterbergI once bought equipment, a forklift and then a second forklift, and the first one was not even in my name.

  8. Gloria Vance · World News AnchorThe money has a purpose.

  9. Gloria Vance · World News AnchorCloud revenue rose thirty-nine percent to forty-six billion dollars, while online sales grew two percent, the slowest since early twenty twenty-three.

  10. Leopold Tamsin AchterbergSo the cloud is the star pupil, and the store is the kid still drawing on the desk. And they still expect about two hundred twenty billion dollars in spending this year.

  11. Leopold Tamsin AchterbergNobody's taken away their golf pencil.

  12. Gloria Vance · World News AnchorYour pencil is noted. But you didn't answer the question about your own deficit.

  13. Leopold Tamsin AchterbergStrictly in theory, mine was a little different. Forty-one other people's money, one ledger, and a very honest pencil.

  14. Gloria Vance · World News AnchorMr. Achterberg, I assume Amazon's deficit has a credit line behind it. Yours is a pack of crackers.

  15. Leopold Tamsin AchterbergStrictly in theory, they were the good crackers.

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The story so far

  1. Kindle Paperwhite and Colorsoft review: best for accessories · Wired
  2. Amazon cuts 250 devices jobs by early morning message · NDTV
  3. Amazon updates Alexa to manage lists, subscriptions, deliveries · TechCrunch
  4. Viewer asks about cat tails, top cat toy and cat food · AsInsight
  5. Amazon adds Alexa photo frame, bedside clock to Echo line · Wired
  6. Obama-era Omar probe, Peltola seating, Amazon cloud surge · Fox News
  7. Amazon spending soars as online growth slows (this story)
  8. Amazon's Blade Runner 2099 arrives November 25 · TheBlaze

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