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Amazon made $1 billion through secret price raising algorithm -US FTC
(www.reuters.com)
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this post was submitted on 03 Nov 2023
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Do you mean Amazon the website? Surely they were making money somehow…
It means for the first 20 years they spent all of their profit on expansion / R&D
profit =/= revenue
I mean Amazon the company:
https://www.ibtimes.com/amazon-nearly-20-years-business-it-still-doesnt-make-money-investors-dont-seem-care-1513368
https://www.forbes.com/sites/jonmarkman/2017/05/23/the-amazon-era-no-profits-no-problem/
https://www.nytimes.com/2023/02/02/business/amazon-earnings.html
https://qz.com/987559/charted-amazons-amzn-profitless-path-to-world-domination-over-the-past-20-years
https://www.ben-evans.com/benedictevans/2014/9/4/why-amazon-has-no-profits-and-why-it-works
Happy reading