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you said profit seeking but I believe you meant rent seeking. All businesses profit seek, it's how you fund innovation after paying your bills.
by stevehawk 5y ago
you said profit seeking but I believe you meant rent seeking. All businesses profit seek, it's how you fund innovation after paying your bills.
- imtringued 5y agoAmazon didn't need profit to fund innovation.
- HWR_14 5y agoThey make a profit, then plow that profit back into innovation. I believe for more than two decades now.
- stevehawk 5y agothey absolutely did. the reason why they had no profit is because they reinvested every penny back in themselves instead of paying it out in dividends or hoarding cash