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Or, it’s true. Amazon did predatory price for several years, subsidising sale and delivery with venture capital. I’m baffled by the nonsense point about reinv

Or, it’s true. Amazon did predatory price for several years, subsidising sale and delivery with venture capital. I’m baffled by the nonsense point about reinvesting profit from a lack of profit. AWS doesn’t excuse the years of cynical predation. 50% of a market is easily enough to dominate and control one, of the other players aren’t the same order of magnitude of influence.

nemothekid 7y ago
>Amazon did predatory price for several years, subsidising sale and delivery with venture capital. Amazon was founded in 1994 and went public in 1997, and sold more than books in 1998. Where does "several years of subsidy with venture" factor into this? It's also hard to believe that Amazon weathered the dotcom crash while losing money.
- NCWV 7y ago
  It took Amazon more than 14 years—58 quarters after its May 1997 initial public offering—to make, cumulatively, as much profit as it produced in the latest quarter alone. Keep in mind that Amazon consistently lost money for its first several years as a public company. https://qz.com/1196256/it-took-amazon-amzn-14-years-to-make-as-much-net-profit-as-it-did-in-the-fourth-quarter-of-2017/ https://qz.com/1196256/it-took-amazon-amzn-14-years-to-make-...