Comment on Amazon made $1 billion through secret price raising algorithm -US FTC

• CaptainBuckleroy@lemm.ee ⁨1⁩ ⁨year⁩ ago

  It means for the first 20 years they spent all of their profit on expansion / R&D

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• 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

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• DragonAce@lemmy.world ⁨1⁩ ⁨year⁩ ago

  profit =/= revenue

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