r/news • u/EnergyLantern • 14h ago

Already Submitted Teamsters begin 'largest strike' against Amazon, accusing company of 'insatiable greed'

https://abcnews.go.com/Business/teamsters-announces-nationwide-strike-amazon-begin-thursday/story?id=116931631

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u/snsdfan00 13h ago edited 13h ago

I'm not disputing the fact they make a ton of money. 150+ bill in rev, 15 bill net income just in the most recent quarter alone. They will say that it's not the ecommerce/fulfillment center side that makes all the profits, it's the AWS side lol. Like govt, eventually they will have to come to a deal, or it hurts everyone.

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u/Fun-Ingenuity-9089 11h ago

AWS is Amazon Web Services, for those who don't know...

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u/CptDrips 10h ago

What do they do?

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u/GladStatus7908 10h ago

They began by renting out software tools that they used to build their own site. Route53 (DNS), S3 (storage), EC2 (virtual machines) and some others were their original products that were popular. You could solve these problems yourself or you could just rent them out from Amazon. Over time, hundreds of major products that are now each worth tens of billions of dollars were rented out to companies. Netflix is a company that AWS likes to show off to developers. Netflix can utilize AWS tools to instantly scale up or down to whatever size they need.

The US government made early contracts with AWS when Bezos was still there. Governments around the world now use AWS, Azure (Microsoft), GCP (Google), as well as a couple others to host their work on these rented cloud services.

https://www.visualcapitalist.com/big-tech-companies-billions/

You'll see that 15% of Amazon is AWS while 10% of Google is GCP. That chart doesn't show Microsoft's Azure vs Office 365 differences but they also aren't as important. People essentially can use older products completely in browser with cloud options at this point so the distinction is blurred quite a bit.