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Amazon is one of the most frugal companies I know, penny-pinching is built into their DNA and one of the reasons IMO they're not a pleasant place to work. Amazo
by Androider 10y ago
Amazon is one of the most frugal companies I know, penny-pinching is built into their DNA and one of the reasons IMO they're not a pleasant place to work. Amazon actively chooses to invest every cent they make into expansion (with great results) instead of hoarding profit.
That's a huge difference to most companies mentioned in the article that essentially sell $10 bills on the street corner for $9: "Oh, another flyer for a free meal delivery service, why thank you VC-man for paying for my lunch once again. No, I will not ever pay for your service."
- nickpsecurity 10y agoYou hit the nail on the head. I've always thought ofvthem as a more diverse and digital Walmart. Bezos wasn't coasting on a nice stream of profit: he was building an empire.
- adevine 10y agoBut the point is that at the very beginning of their company, Amazon was most definitely NOT profitable. They took in a huge amount of investment money to be able to grow their business quickly - exactly what all these other companies are trying to do.
- ksherlock 10y agoAmazon used to (circa 2000) report pro-forma (non GAAP) profit/losses.