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Amazon investors eye bigger returns as cash pile grows

Amazon – for years the stingiest among tech megacaps to give back capital to shareholders – is generating so much cash that some on Wall Street are anticipating more generous returns.

After a record haul of $US32 billion ($48 billion) in free cash flow last year, Amazon is projected to nearly double that in 2024, according to data compiled by Bloomberg.

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    Original URL: https://www.afr.com/markets/equity-markets/amazon-investors-eye-bigger-returns-as-cash-pile-grows-20240405-p5fhl8