3 ms·
Never profitable isn't literally correct, but when the net income is floating just above zero, the point is made. Walmart for example normally makes 10-15x the
by Salgat 3y ago
Never profitable isn't literally correct, but when the net income is floating just above zero, the point is made. Walmart for example normally makes 10-15x the profit of Amazon (outside of covid). Amazon even has years of negative net income.
- hef19898 3y agoAmazon had, as far back as 2004, three negative years: 2012, 2014 and 2022. The last one due to some colossal write offs on a M&A if memory serves well. What Amazon did was prioritizing growth over profits, and it worked marvelous. That focus is moving so, which makes sense as growth is limited.