They might not pre-pay for the inventory, but they still have fixed costs, and they are rising, they have over 50k employees now. They _need_ to sell at huge vo

They might not pre-pay for the inventory, but they still have fixed costs, and they are rising, they have over 50k employees now. They _need_ to sell at huge volumes with the profit margins they are taking, otherwise they will bleed money. Some day, the fairy tale of 3000+ P/E and years of making next to no profits or even losses will be over and the stock will tank. Amazon will have a huge problem attracting funding to cover their fixed costs, they will have to fire lots and lots of employees at the expense of service and marketshare, and basically show us what the .com bubble 2.0 looks like.