One example that the cloud providers have massive profit margins at the moment is an interview I watched where a CEO for a tech company said that they had moved from using Amazon cloud services (or some provider like that) to running their own data centers. And they cut their cost by an order of magnitude or some huge amount like that, maybe even much more than that (although I could be wrong). To me that's an indication of that cloud service providers today have way too excessive profit margins.
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