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A lot of people on here are defending Amazon "because they take risks". Yea of course they do, they burn capital like a startup; when they have been in business
by cix 12y ago
A lot of people on here are defending Amazon "because they take risks". Yea of course they do, they burn capital like a startup; when they have been in business for ~20 years. That is just negligence, not persistence. Sure they took a risk here, but it was vastly un-calculated and if it took them awhile to develop the product it still doesn't justify the attempt to win the high end as a newcomer in the space with a undeveloped app marketplace.
- justicezyx 12y agoThe most ungrounded bullshit I have ever read on HN...
- MBlume 12y ago> Yea of course they do, they burn capital like a startup; when they have been in business for ~20 years. That is just negligence, not persistence. If I'd bought and held Amazon 10 years ago, would I be kicking myself now?
- cix 12y agoNo, but that's not the point. The e-commerce space is very different than the product space. They are applying the same logic in both, which is a mistake.