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Amazon has not spent years losing money, they merely chose to match spending with revenue so their numbers were balanced. That's quite different to winning mark
by zigzigzag 10y ago
Amazon has not spent years losing money, they merely chose to match spending with revenue so their numbers were balanced. That's quite different to winning market share through raw subsidies.
- ethanbond 10y agoKey distinction. As well as assembling an incredible logistics system. Uber has... a trivial app that's already been cloned dozens of times? Uber's saving grace, if it will ever get one, will be autonomous vehicles. First the technology has to get good enough, then the law has to catch up. All while Uber is just dumping cash to fend off the aforementioned dozens of clones by artificially deflating their prices? My bet is that they'll run out of time/money.
- samfisher83 10y agoTheir paid in capital is greater than retained earnings. Which basically means profits are less than what the share holders have put in.