>> Spotify didn't lose 20.9 billion dollars in 1 year. They didn't need to raise 217 billion dollars in the space of 6 months. >> Yeah, and like Uber's another example. >> 33 billion dollars since inception before it became a messy kind of profitable. Amazon Web Services between 2003 and 2015 when it became profitable, 29.7 billion dollars. >> They've spent >> Yeah, that's the total capital expenditures and that's not just Amazon Web Services, that's the entire logistics operation, normalized for inflation. >> So they all lost money for a long period of time is the TLDR. >> Yes, but the amount of money they lost
>> They've spent >> Yeah, that's the total capital expenditures and that's not just Amazon Web Services, that's the entire logistics operation, normalized for inflation.