Li
I think you mean “cash flow” not “free cash flow.” Amazon generates and has generated zero free cash flow due to its substantial capital expenditures, which are tantamount to the strategy you’ve discussed herein.

One man’s annotation is another man’s summarization,
For all the news and research you need,
Every time you read,
Leave your mark,
At Annotote’s page on Launchrock

All signal, no noise

“Perfection is achieved not when there is nothing more to add, but when there is nothing left to take away...” 👉 http://annotote.launchrock.com

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store