4 ms·
Right, but net income is a fiction to begin with. It has almost nothing to do with a company's actual health. Last year was the first year that Amazon ever sho
by mikeyouse 9y ago
Right, but net income is a fiction to begin with. It has almost nothing to do with a company's actual health. Last year was the first year that Amazon ever showed a NI over a few hundred million (for most of their life, it's been negative).
https://a16z.com/2014/09/05/why-amazon-has-no-profits-and-why-it-works/ https://a16z.com/2014/09/05/why-amazon-has-no-profits-and-wh...