Amazon shocked everyone last night when they announced that they had (perhaps accidentally) turned a profit last quarter. This drove Amazon’s stock price up in after-hours trading, leading some to report on the story with the clickbait title that Amazon is bigger than Walmart.
Given that Walmart has annual revenues of close to $500 billion and Amazon has yet to exceed eleven digits ( < $100 billion), that is clearly not true, but it has sparked a new look at the smaller retailer. Quartz is one such Buzzfeed aspirant that used the clickbait title, but they backed up their misdeed with a bunch of useful charts. Those charts show that Walmart is larger in every way except for one: the respective growth rates.
As we all know, Amazon is growing by leaps and bounds. But what I hadn’t realized was that Amazon’s actual growth rate is trending down:
Just think, in a few years down the line Amazon will be rapaciously growing at only 10% per year.
image by [email protected]@nce