Amazon Craters As Cash Burn Explodes, Weak Guide

Summary

Amazon Craters As Cash Burn Explodes, Weak Guide Earlier today we asked the question every Amazon holder has been asking all year: why does this stock never work? Tonight Amazon (AMZN) answered it with one number: -$33.5 billion . That is how much free cash flow Amazon burned in Q3 alone. Bloomberg consensus expected an outflow of $7.7 billion; Amazon came in more than four times worse , as quarterly capex exploded to $77.3 billion , up 43% from $54.2 billion in Q2. Trailing free cash flow collapsed to -$42.4 billion , from -$7.6 billion three months ago. To help pay for it, Amazon raised…

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