Nibbled, Inc. (NASDAQ: AMZN)
By Live Rich Life Free  •  April 29, 2022


The share price of, Inc. (NASDAQ: AMZN) tanked by more than 10% today after reporting a loss of US$3.8 billion in 1Q 2022 compared to profits of US$7.7 billion in 1Q 2021, registering slow growth and falling short of market's expectations. What worries investors are the free cash outflow of US$18.6 billion for the trailing 12 months compared to free cash inflow of US$26.4 billion for the trailing 12 months ending 31 Mar 2021. I am loving this great opportunity as Amazon is another great big tech business that I have been eyeing for a long time. Its dominance in the e-commerce world, cloud computing space, video streaming and advertisement business gave itself a strong economic moat unrivalled by most companies. I believe Amazon will thrive and continue growing at least for the next decade. Its investments into new computing infrastructure and warehouse distribution systems to...
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!

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