Amazon’s debt nearly doubled to $129 billion in 6 months as CEO Jassy defends $220 billion data center spending spree
Amazon CEO Andy Jassy gave investors an unusually frank detail on July 30. “Data center capital is spent starting two years before we can put servers into them to start monetizing,” he said on the company’s second quarter earnings call. In plain terms, when Amazon builds a data center, the money goes out two years…
