Insider Today: Robotaxi reality check

Amazon has long been famous for running on thin margins, reinvesting most of its profits, and holding relatively little cash compared with peers. By 2027, that’s expected to change, with the company’s cash balance estimated to hit $400 billion.

That number puts it on track to far outpace rivals Alphabet and Microsoft. Wall Street is taking note, and Amazon could soon face pressure to return some of its cash with buybacks or dividends.

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This week’s quote:

“When you move fast and break things in healthcare, you go to jail.”

— 27-year-old startup founder Ibrahim Rashid on the lessons learned from intrepid tech founders.

More of this week’s top reads:

• The hidden upside of a college degree: Having more friends.
• The housing market’s Ice Age is finally starting to thaw.
• Dell’s sudden five-day RTO order left parents scrambling to find childcare.
• Five things to include in your résumé, and eight things to leave out.
• Welcome to the job market “Twilight Zone.”
• How politicians’ fundraising appeals got to sound so desperate.

• Want to get into the AI industry? Head to Abu Dhabi.

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  The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Grace Lett, editor, in Chicago. Amanda Yen, fellow, in New York.