Formally declaring a profit just results in a higher tax bill. Better to reinvest in R&D if you can keep the growth rate up. AMZN was < $40 in 2008, now it is

Formally declaring a profit just results in a higher tax bill. Better to reinvest in R&D if you can keep the growth rate up. AMZN was < $40 in 2008, now it is pushing $1000. That's why shareholders are happy to let Bezos keep reinvesting.