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To: Moonman62
I remember that. They said that Amazon would never turn a profit and would eventually collapse like a house of cards.

It is true that Amazon went years without turning a profit.

They took a long term view. Those who bought stock early and stayed with them are wealthy today.

47 posted on 01/19/2020 4:11:25 PM PST by SamAdams76
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To: SamAdams76

I remember that. They said that Amazon would never turn a profit and would eventually collapse like a house of cards.

It is true that Amazon went years without turning a profit.

...

Any money that they made was being invested back into the company, and it paid off eventually.


63 posted on 01/19/2020 5:15:10 PM PST by Moonman62 (Charity comes from wealth.)
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