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Yeah, how about losing money on every book sold back when they started? It seemed to work for them.
by firefoxman1 15y ago
Yeah, how about losing money on every book sold back when they started? It seemed to work for them.
- gujk 15y agoAmazon has never said no to paying a dollar of fixed overhead to generate $1.01 in lifetime marginal profit. Amazon is also willing to write down the first 5 years of a product's life as overhead. That is JeffB's genius (along with the ability to get the accounting right on these razor thin margins).