Amazon did not consistently lose money. They were basically breaking even since the early 2000s and they proved they could turn on the profit faucet anytime the

Amazon did not consistently lose money. They were basically breaking even since the early 2000s and they proved they could turn on the profit faucet anytime they want once AWS came around. Although, they still heavily invest in infrastructure development, hence the continued low profit margins. https://www.stock-analysis-on.net/NASDAQ/Company/Amazoncom-Inc/Long-Term-Trends/Net-Profit-Margin https://www.stock-analysis-on.net/NASDAQ/Company/Amazoncom-I... See Amazon v Walmart net profit margin 1999 to 2018 graph. https://mgmresearch.com/amazon-vs-walmart-revenues-and-profits-comparison-1999-2018/ https://mgmresearch.com/amazon-vs-walmart-revenues-and-profi...