Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.
More important, the investments signify Amazon'sfor spending on other companies, both public and private, as the company faces slowing growth despite hitting record profits and cash flow.
that Amazon spent a total of $1.2 billion in cash payments related to "acquisition and other investment activity" in the first quarter, a record amount for a single quarter excluding the third quarter of 2017, when it spent $13.7 billion to buy Whole Foods. During the quarter, Amazon bought Eero for roughly $100 million and CloudEndure for $250 million, while its two largest investments were in Rivian and Aurora, according to Pitchbook.
"Amazon is stepping up its investment in start-ups, and this has been made easier because of the increased cash flows from operations," said Aobdia. "This is an interesting development, in line with Amazon being interested in expanding its businesses in several different directions."
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