Comment on Amazon made $1 billion through secret price raising algorithm -US FTC
ultratiem@lemmy.ca 1 year ago
What’s even wilder is that Amazon made no profit for the first 20 years of its existence, something the Feds claim makes Amazon even more dangerous as they spend considerable time building their network and have now turned on full money making mode.
beevoid@lemmy.world 1 year ago
Do you mean Amazon the website? Surely they were making money somehow…
CaptainBuckleroy@lemm.ee 1 year ago
It means for the first 20 years they spent all of their profit on expansion / R&D
ultratiem@lemmy.ca 1 year ago
I mean Amazon the company:
ibtimes.com/amazon-nearly-20-years-business-it-st…
forbes.com/…/the-amazon-era-no-profits-no-problem…
www.nytimes.com/2023/02/…/amazon-earnings.html
qz.com/…/charted-amazons-amzn-profitless-path-to-…
ben-evans.com/…/why-amazon-has-no-profits-and-why…
Happy reading
DragonAce@lemmy.world 1 year ago
profit =/= revenue