Amazon has massive control over their margins. Therefore in a downturn, they just turn a dial and are profitable again. They're just choosing to reinvest profi

Amazon has massive control over their margins. Therefore in a downturn, they just turn a dial and are profitable again. They're just choosing to reinvest profits into growth, and can stop doing that whenever they want. I think we mostly agree, but not about how much risk they're exposing themselves to in a downturn.