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Do we know if they still sell books at a loss? I'm guessing with their volume and many competitors killed off they have an insane control over their own buying
by mcintyre1994 13y ago
Do we know if they still sell books at a loss? I'm guessing with their volume and many competitors killed off they have an insane control over their own buying cost and can force that price to now be profitable, but it'd be interesting to know either way.
- kyllo 13y agoWell, from their earnings reports, their gross revenue has grown dramatically but their profit margin remains near zero because they spend every additional dollar they make on growing the company. http://www.slate.com/content/dam/slate/blogs/future_tense/2013/10/25/amazon_earnings_jeff_bezos_is_like_king_midas_in_reverse_chart/1382736441.jpg http://www.slate.com/content/dam/slate/blogs/future_tense/20...