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To: rb22982

Yes, but there were 500+ other Amazons 20 years ago that are now all worthless or close to it.

...

There was only one Amazon for those paying attention.


56 posted on 08/03/2018 11:54:28 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: Moonman62
There was only one Amazon for those paying attention.

Hindsight is so easy. AMZN 20 years+ ago was mainly a bookseller that barely was doing $1b in revenue and was losing nearly as much as they were selling and was just starting to sell other products (Ebay and others had a big headstart on online selling for general merchandise). That profile fit the bill of virtually every dotcom company at the time. Best of luck.

60 posted on 08/03/2018 12:00:38 PM PDT by rb22982
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To: Moonman62
BTW - this was amazon 5-6 years after 20+ years ago.

During late 2002, rapid spending from Amazon caused it financial distress after revenues stagnated. Bezos borrowed $2 billion from select banks with only $350 million in holdings. After the company nearly went bankrupt, he closed distribution centers and laid off 14% of the Amazon workforce.

Again, it is possible TSLA does everything you hope and succeeds phenominally - but there is a very real chance they barely ever reach profitability or they go bankrupt.

66 posted on 08/03/2018 12:28:41 PM PDT by rb22982
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