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One of the things about Amazon - they really don't make money. Actually, they are profitable, but only microscopically. All of that great stuff that we get ship
by jsperson 10y ago
One of the things about Amazon - they really don't make money. Actually, they are profitable, but only microscopically. All of that great stuff that we get shipped for free with 5% back costs a lot of money. The business model is to crush the competition then profit.
- jakebaker 10y agoWorth reading about whether or not Amazon makes money: http://ben-evans.com/benedictevans/2014/9/4/why-amazon-has-no-profits-and-why-it-works http://ben-evans.com/benedictevans/2014/9/4/why-amazon-has-n... http://ben-evans.com/benedictevans/2013/8/8/amazons-profits http://ben-evans.com/benedictevans/2013/8/8/amazons-profits