For the last couple of years, each quarter I’ve been posting a quick analysis of Amazon’s quarterly business results in a Twitter thread. I don’t use Twitter much any more, and Mastodon doesn’t make it easy to post threads, so the blog it is. Summary: Amazon’s retail business loses money (as usual) but the AWS and Advertising businesses are huge, throw off lots of cash, and continue to grow fast. They subsidize the money-losing retail operation in a way that seems deeply unfair to me...