I understand approximating present value by discounting cash flows but not how y... | Hacker News

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		arcturus17 on Nov 24, 2022 \| parent \| context \| favorite \| on: Almost everything on Amazon is becoming an ad I understand approximating present value by discounting cash flows but not how you would come to the conclusion that the eCommerce business is valued at zero because the sum of AWS and ads make the total of the market cap.

spoonjim on Nov 25, 2022 [–]

You don’t, that is an inaccurate conclusion because the ads business would not exist without the e-commerce business.

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