Amazon.com Inc (NASDAQ:AMZN), historically known for its conservative approach to returning capital to shareholders, can potentially change its strategy due to its substantial cash reserves.
With a record-breaking $32 billion in free cash flow in 2023 and expectations to nearly double that in 2024, Amazon has mounting cash reserves, surpassing $86 billion by the end of 2023.
Amazon remained engaged in initiatives to unlock shareholder value, such as restructuring its grocery and cloud unit Amazon Web Services (AWS) strategies.
Unlike its counterparts such as Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms Inc (NASDAQ:META), which have undertaken significant share buybacks totaling billions ...