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I remember how Amazon, in the beginning, was also non-profitable, wouldn't succeed, only the core of selling books was becoming profitable after some time, and
by woliveirajr 7y ago
I remember how Amazon, in the beginning, was also non-profitable, wouldn't succeed, only the core of selling books was becoming profitable after some time, and so on.
Yes, there was a time when this was real.
- freddie_mercury 7y agoThis article explains why comparisons to Amazon are misguided: https://news.crunchbase.com/news/why-amazons-history-of-ipo-era-losses-means-little-for-todays-unprofitable-unicorns/ https://news.crunchbase.com/news/why-amazons-history-of-ipo-... Among other things "Amazon, the patron saint of money-losing companies, lost a combined $2.8 billion over its first 17 quarters as a public company, roughly on par with what Uber lost in 2015 alone."
- navigatesol 7y ago>I remember how Amazon, in the beginning, was also non-profitable I laugh out loud every time someone points to a terrible business and someone else defends it with, "But Amazon was also unprofitable!" There are far more bankrupt companies than there are Amazons.