by Karl Denninger
Quick read from their 10Q, which just hit Edgar:
AWS growth is slowing a lot, which portends very serious trouble for the company’s stock price.
See, the premise was that Amazon was on the front end of a major growth wave that would continue for a long time. Now we have evidence that instead they’re starting to saturate the market (between them and competitors) which means that the market is about to shift.
How will it shift?
Simple — as all markets for something new shift when they become more and more like a commodity.
First comes slower growth.