Has Amazon ever made a profit?
They’ve been around for 20 years, they get bigger and bigger and bigger. Their stock is through the roof ... and as far as I know, they’ve never been profitable.
Most peculiar.
“and as far as I know, they’ve never been profitable. Most peculiar.”
Well, you pay taxes on profits. If you work your books so that you never profit, you don’t pay taxes.
Back to Alexa- I would not want a cloud-connected box that listens to every word spoken within range, waiting for a command. Alexa, some TV sets, other devices stream out all that they hear to...somewhere.
Taxes are paid on profits. Perhaps no profits ( like many Hollywood movies), equals no taxes. Lots of rich people with huge salaries and expenses, though.
No peculiar at all. Amazon’s lack of profit is because they reinvest all the money. They make a ton of transactional profit, but Beezos thinks money in the bank is money wasted, so he spends it all on acquisitions and innovations. They’re a good investment, you don’t own half the internet on accident.
They profit by selling stock...
If they've been skimming off all the profits and hiding the skim so they have no tax consequences...who wants profits?
There is profitable and there is there showing a profit in tax law.
Different things