Amazon has added roughly $70 billion in enterprise value since the last earnings report and with most of that change due to increased investor confidence in the e-commerce segment's margin expansion trajectory.
E-commerce segment operating margin expansion due to the continued benefit derived from shipping loss moderation ? this will be a source of iterative benefit due to the ongoing maturation of fulfillment centers as well as the increased use of less costly ground shipping versus air as FCs are now located closer to the densest parts of the US and global population.
