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I'm not sure it's that useful to compare a <10 person startup to the world's largest online retailer, with revenue increasing by leaps and bounds every quarter,
by declan 13y ago
I'm not sure it's that useful to compare a <10 person startup to the world's largest online retailer, with revenue increasing by leaps and bounds every quarter, a quarter-billion active customers, and approaching $100 billion a year in net annual sales.
Bezos is choosing to reinvest $$$ in business rather than report it as profits. So far it's been a very wise choice.
Back on the topic at hand, I should add that it's sad to see this happen to DrawQuest, and it's very decent of Chris to post this for us to read.
- edanm 13y agoI'm guessing the OP is talking about the PAST of Amazon, not the present. They ran for many years at a huge loss in order to capture the online retailing market, and didn't provide any returns for many, many years. Arguably, it worked.