The fees for sellers on Amazon is ridiculous and definitely keeps these prices higher.

Tempting to think that, but that logistical miracle machine that thus far no one has been able to fully replicate is expensive. Their global operating margin ex-AWS (which is a whole different beast) was 6.8% in Q2. (AWS was 39%)

That's actually not anything phenomenal -- and worse than I thought before I looked it up just now. I can't understand AMZN's stock valuation. They should really spin off AWS to be its own thing.

Their international margins are even worse in isolation, 4.1%. That's not even worth getting out of bed for, just buy some bonds and skip all the drama.