How Important Is AWS to Amazon?

The video discusses Amazon's financial performance, focusing on Amazon Web Services (AWS) and its significant contribution to the company's profits despite being a smaller portion of revenue. It highlights AWS's growing margins and profitability, contrasting it with the challenges faced in the e-commerce sector. The discussion also touches on the philosophy of stock value, emphasizing reinvestment over dividends.

What philosophical notion about company management is discussed in relation to dividends?

What is the significance of Amazon's approach to reinvesting cash instead of paying dividends?