Declare no profit, pay no taxes.
Amazon’s phones aren’t selling, and the new “Prime” charges
Maybe that deal they made with California governor Jerry Brown to collect sales taxes on online sales wasn’t such a hot idea.
Imagine that. Investors might actually want to see profits.
Will wonders ever cease
How does one get so wealthy without making a profit?
>> Amazon follows a “profitless prosperity” model
There are times when I simply don’t recognize my world any more. Oh wait, I read Orwell, now I get it!
War is peace
Ignorance is strength
Loss is prosperity
Jeff Bezos is perhaps one of the most amazing and successful crooks in all of history.
Sounds like they’re business model is “we lose money on every sale but make it up on volume.”
Could it have anything to do with now being taxed in more and more states?
I do think Amazon has ever turned a profit in its history.
...
Bezos started Amazon from nothing. His strategy is well known to the investment community, and has worked well. Every now and then people have to write a column to attract readers, so they poke a stick at Bezos and his strategy.
Christmas is coming. They’ll make it up in volume.
There was a period of time when Bezos made a profit for a while just to show he could do it whenever he wanted to. Then he went back to building the business, which may or may not ever succeed but is sure doing a great job at building revenue and taking over industry after industry. I am very glad it exists, and I hope they find a way to make money while continuing to bring me the cheapest prices on everything I need, delivered to the door within 2 days most of the time.
Hey, they should become an airline..
wouldn’t have anything to do with China’s copy, Alibaba? Probably hacked the whole company, too. (what a daffy name)
No, they’ve never turned a profit; Bezos plowed money into expansion instead. And buying the WaPo.
I saw Steve Ballmer on Charlie Rose a couple of nights ago. Ballmer made a point of comparing Microsoft’s profit record with Amazon’s. He really bitchslapped Bezos. (Ballmer just bought the Lakers…fascinating though obnoxious guy. You can watch the very lively interview here): http://www.charlierose.com/watch/60463433
The key is understanding investors for “profitless prosperity.”
Like investors for the dot.com boom, they expect to lose everything part of the time.
And some are only investing that which they can easily afford to lose.
If you are not in that category, you’ll likely not “get it.”
It is not very much different from oil wildcat funds, btw.
I’ve been saying it for years, and I’ll continue saying it: Amazon is overrated, and not a good investment.
People have come to believe that, because something is high tech and there hasn’t been much competition in a particular space, that it must be a good investment. Amazon sounds like a good idea on paper, but, when the company disappoints quarter after quarter and year after year, and for so many years. there is no point in hoping that, perhaps next year or the year after that, or perhaps in five years, the company will start performing.
Amazon cannot compete with Microsoft or Google or any other company in web sales, because, those companies that have other products and services, have the cash reserves to compete and kill off the competition. Amazon is running on dry, and while they may remain big in sales and in cloud services, they will remain small in earnings, if they get any earnings at all.
People should put their money elsewhere after so many years of hope, but no delivery.
If they’re not making a profit it isn’t because I’m not spending a lot of money with them.
Scammers can make higher profits with cheap illegal knockoffs and inferior products. In the short run the scammers win... in the long run people quit shopping at Amazon for anything of real value.
It appears scammers have found their home with Amazon.
If Amazon wants to clean up their act they'll make a special section where people can report goods they believe are knockoffs. And they'll start more 'policing' of their sellers.