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Amazon isn't profitable. I think for Uber and Airbnb, it's not that they can't achieve profitability, it's that they choose to funnel all that revenue in to ex
by mmanfrin 11y ago
Amazon isn't profitable.
I think for Uber and Airbnb, it's not that they can't achieve profitability, it's that they choose to funnel all that revenue in to expansion.
Reddit, though, I think is on the same boat as Twitter: all those views, but not a clear way to monetize without ruining the original experience.
- tptacek 11y agoAmazon could easily be profitable if it wanted to be. If you're gunning for "the Walmart of the Internet", it's reasonable to take your time and get it right. It took decades for Walmart to perfect the formula.
- ThomPete 11y agoBut walmart was always profitable wasn't they?
- tptacek 11y agoThey're not the same company as Amazon, and that wasn't my claim. My point is just that being the Walmart of ${some big sector} is a prize worth waiting for. In fact: we still don't know how big a prize it is, because Walmart is still expanding.
- ThomPete 11y agoFor Amazon maybe maybe not, for the consumer sure. But I am beginning to doubt whether this is a good thing for society in general. Something is not adding up.
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- ThomPete 11y agoYes I understand the Amazon strategy of replacing growth with profit and it has kept them alive for a long time now. I do question whether they can maintain this forever though and I do question whether their venture into delivery is the right one as they seem to be loosing more and more there.