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Based on my understanding of Amazon's strategy, this is bad news and it raises a lot of questions. The most charitable explanation is that they planned their sp
by abtinf 10y ago
Based on my understanding of Amazon's strategy, this is bad news and it raises a lot of questions. The most charitable explanation is that they planned their spending poorly and were not able to match profits - an error which may be a fire-able offence since it could costs hundreds of millions of dollars.
Have they run out of ideas to invest in? Why are they suddenly changing strategy and forcing their investors to eat massive taxes on retained earnings?
Alternatively, are they saving up for some massive investment in the second half of the year?
- iliveinseattle 10y agoI've worked at Amazon. Let me tell you, this is all part of the strategy. At an all hands sometime ago bezos took questions from employees regarding the worry around profitability. He basically said Amazon has to lose a lot of money to reach a massive scale and only then will they become profitable. However every once in a while they'll show a profit to check in with reality and Wall Street.
- deleted 10y ago[deleted]