Amazon makes a huge chuck of its revenue from AWS and IT Cloud services. A lot of their sales are from vendors who use Amazon as a storefront. Amazon Prime is used to buy NFL football games and cheap/freee movies/music.
In other words, Amazon is not just or even primarily, an online Walmart, it is its own thing, and gets ots money from many sources.
No wonder America is broke. Only manufacturing company in that list is Ford. Manufacturing is the biggest wealth creator for any country. Retail is at bottom of list for wealth creation. America has become a retail store for made in China goods.
“Walmart’s revenue would be enough to rank around 27th in the world, more than the GDP of Sweden, Singapore, New Zealand and Norway.”
If you count debt, the USA could be added to that list.
EC
But they pay “associates” barely enough to live on.
How many of Wal Mart’s full time employees are on welfare? Sorry, but Wal Mart should be taxed accordingly so the government can recoup that money that it pays out in benefits to Wal Mart employees. employees
Dad moved us to this backward redneck hillbilly burg back in 1956. First time I saw REAL POVERTY, and I thought we lived poor on the High Plains! The CHICKEN MEN had this area in an economic stranglehold paying only agricultural Starvation Wages. Everyone was too poor to go to where real jobs were.
Then Sam Walton bought up some bankrupt Ben Franklin stores and a slow change began when he offered better wages than the Chicken Men.
Now it is one of the best (Worst to all you outsiders) places to live in the USA. Great medical hospitals, great schools!
I always wanted to retire and return to my beloved 4-Corners of New Mexico. But they have fallen on hard times thanks to Obama and Biden. The old unoffical motto for Arkansas was “Thank Heavens for Mississippi!” as Miss kept Arkansas of the bottom of the “worst” lists.
Now the UN-official motto of Mississippi is “Thank Heavens for New Mexico!”
As for Arkansas, it is still dirt poor except for the NW Corner where Walmart HQ is!
McDonald’s Fun Facts
https://spoonuniversity.com/place/crazy-facts-about-mcdonalds-you-will-not-believe
More People Eat at McDonald’s Each Day than the Entire Population of the UK