[state_less]

But their market cap hasn’t. Odds are they won’t 5x their size in the next five years as they did in their last five.

[bin_bash]

That's what people said 5 years ago.

[WJW]

Eventually they'll start being right. Not even Amazon can grow at this pace forever.

[55555]

Their retail business is still in a tiny portion of the world.

[testing_1_2_3_4]

not to mention continued cloud growth, not just as a market, but the AWS share of that growing market.

[state_less]

I’m not seeing estimates of Amazon at 5x larger business (revenue). Estimates have Amazon at ~2x revenue ($850ish B) in five years and earnings growth slower than current levels. Folks think they’ll grow, just not quite as fast.

We’ll see. I think it’s going to be hard to maintain today’s growth rate at this size.