You’re being downvoted because this is a commonly quoted and false claim about Amazon; here’s some reading on free cash flow vs. profits that will explain it be

You’re being downvoted because this is a commonly quoted and false claim about Amazon; here’s some reading on free cash flow vs. profits that will explain it better than I can: https://www.vox.com/recode/2019/8/21/20826405/amazons-profits-revenue-free-cash-flow-explained-charts https://www.vox.com/recode/2019/8/21/20826405/amazons-profit... Bezos has been clear from the start that he’s optimizing for FCF instead of profitability, you can read his early shareholder letters to see this. In summary though, Amazon has been “making money” for ages, they just reinvest it in R&D so it doesn’t make it down to the bottom line.