Making profits and realizing profits are not the same thing. Amazon is acting as its own venture capital company. They make that much known in their shareholder

Making profits and realizing profits are not the same thing. Amazon is acting as its own venture capital company. They make that much known in their shareholder statements. And the reason why people pay 3600x earnings for a share of the company is that they know where the company is headed. Let me put this in perspective: Amazon grows consistently between 30-40% a year. Not a big deal...right? I mean lots of companies grow quickly. But how many companies do you know that grow 30-40% per year, when starting from the ~$50B range? They are literally adding a new Fortune 500 company's revenue every year. Nobody does that. And that is what makes them distinct. You may argue that you still don't think they are worth it. But the story of the 3600x P/E anomaly is actually a story of an anomaly in revenue growth...not of charity, generosity, or ignorance.