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Amazon barely makes any profit because they invest nearly 100% of revenues back into new, non-revenue-generating initiatives, to avoid paying taxes and set them
by fzzzy 7y ago
Amazon barely makes any profit because they invest nearly 100% of revenues back into new, non-revenue-generating initiatives, to avoid paying taxes and set themselves up for potential future revenue streams in new areas. They could have huge profits overnight if they wanted to, they'd just have to cut back on developing delivery drones and funding astroturfing campaigns on hacker news, and they'd also have to pay taxes.