Does Amazon have too much money? — Market Mad House

You can make the case that Amazon makes too much money.

For instance, Amazon (NASDAQ: AMZN) reported a quarterly gross profit of $33.46 billion; a quarterly operating cash flow of $19.659 billion, and a quarterly ending cash of $12.856 billion on 31 December 2019. Consequently, Amazon had $55.021 billion in cash and short-term investments on 31 December 2019.

Therefore, Amazon could buy Macy’s (NYSE: M); America’s largest department store operator for cash and have over $50 billion left. Mr. Market gave Macy’s a…