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Amazon was not unprofitable. They just constantly reinvested their profits back into their company instead of hording cash.
by stevehawk 8y ago
Amazon was not unprofitable. They just constantly reinvested their profits back into their company instead of hording cash.
- jvagner 8y agoThis misconception, or common statement, will never go away. You'll have occasion to post this sentence forever.
- Spooky23 8y agoThat’s called losing money. Amazon has to make those investments to continue the rocket ship growth that justifies the share price. Once the growth stops, boom.
- ralph84 8y agoAmazon was certainly unprofitable for their first 15 years or so. As recently as 2009 they had negative retained earnings on their balance sheet.
- turc1656 8y agoAmazon was most definitely unprofitable until the last few years as a whole. They just continually went back to investors asking for more money with the promise that they'll eventually solidify profits on the books.