Chapter 414
AMZ operates the world's largest online shopping mall, accounting for half of all online sales in the US.
MS makes Windows, which holds over 80 percent of the PC operating system market.
Taek-gyu asked.
“Here’s a question. Where do these two companies generate their biggest profits?”
Common sense would make you think that AMZ earns money from its shopping mall and MS from selling Windows. But the answer is…
“Cloud services.”
The reason most people don't know this is because these services are primarily used by businesses. No matter how profitable a B2B business is, its public recognition is bound to be lower than a B2C's.
The name of the neighborhood bakery is more familiar than Cargill, which dominates the global grain market, and the name of some loan company promising instant cash is more likely to stick in your ear than RCK Bros, a private equity firm that handles multi-billion dollar M&As.
I probably wouldn't have known this well either if I hadn't invested in CarOS or FaceIt. In fact, when it comes to IT, Taek-gyu is more knowledgeable than I am.