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This is false. Amazon had zero profits for a very long time and was publicly traded. It did very well. There are numerous examples like this.
by nightski 4y ago
This is false. Amazon had zero profits for a very long time and was publicly traded. It did very well. There are numerous examples like this.
- Jensson 4y agoThat is exactly what I said, publicly traded companies cares about growth over profits, while companies that never intends to go public and therefore doesn't benefit from valuations tend to care about profit over growth.
- ChrisLomont 4y agoProfit and growth go together. In Amazon's case lots of profit is what fueled their growth: at each point they made far more money than needed to sustain, so they bought growth instead of paying out to shareholders. The two are intricately related.
- nightski 4y agoSorry I misread your comment. Either way I don't think either extreme viewpoint is right. I'd say publicly traded companies and their investors care about both growth and profits for different reasons.