Amazon has a profitable business and they have for a long time now. They do not turn a profit because they keep sinking their profits back into expansion. There is a huge difference between being unprofitable because you can't sell product, and being unprofitable because you are choosing to take your earnings and invest them back into growth. Yes, you must be careful not to over-extend yourself, and at some point you've taken over the world and just can't grow anymore. But I haven't heard anyone give argument for either of those being the case, just non-specific fretting about how Amazon still is not profitable.
I'm not even saying Amazon is doing the right thing. But they are doing exactly what they have been doing successfully for the last 17 years. Why do we keep getting worried about it?
I'm not even saying Amazon is doing the right thing. But they are doing exactly what they have been doing successfully for the last 17 years. Why do we keep getting worried about it?