3 ms·
In the same vein, profit by itself does not give you a complete picture. Obviously, the reason some people are still investing in Amazon is because they believe
by brianchu 14y ago
In the same vein, profit by itself does not give you a complete picture. Obviously, the reason some people are still investing in Amazon is because they believe (rightly or wrongly) that Amazon will grow in the future. There are some plausible reasons this might be true: Amazon has been spending heavily on long-term investments like the Kindle (sort of like the Xbox was for Microsoft, before the Xbox 360) and expanding cloud computing capabilities. Time will tell.
- johnrgrace 14y agoYes, Amazon will grow but as an ex-amazonian I can promise you that any profits the growth generates will just get turned into lower prices to drive more growth. Jeff has said in public he wants to have a company with $100 billion revenue, and I have no doubt he will get there the question is will the company make any money doing that.