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The no profit thing is one purpose. Basically what Amazon does is it takes all the money it made in profit and reinvests it in the company: buys new inventory,
by openasocket 10y ago
The no profit thing is one purpose. Basically what Amazon does is it takes all the money it made in profit and reinvests it in the company: buys new inventory, builds new warehouses, hires new developers, etc. It's actually a somewhat-common model to grow a company rapidly.
In fact, a few quarters ago, Amazon actually made a profit by accident, because they could not reinvest the money fast enough.