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Someone once described Amazon as essentially a charity since they didn't take profits for shareholders in the first 20 years of their existence even though they
by cm2012 6y ago
Someone once described Amazon as essentially a charity since they didn't take profits for shareholders in the first 20 years of their existence even though they could have. Even now they still reinvest most profits into capex.
- decebalus1 6y agoSomeone needs to read up on both the definition of charity and the definition of 'essentially'
- quadrangle 6y ago"non-profit" would be at least appropriate for your point, "charity" definitely not. Those two terms are not actually synonyms. But even with non-charity non-profit, Bezos wouldn't be so wealthy. Still, that's not your point. Your point is that it operates in a way to advance its business activities rather than to distribute profits, and that's largely true.