Amazon made $1 billion through secret price raising algorithm -US FTCLee Duna@lemmy.nz to Technology@lemmy.world – 680 points – 8 months agoreuters.com70Post a CommentPreviewYou are viewing a single commentView all commentsShow the parent commentDo 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&Dprofit =/= revenueI 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 reading1 more...1 more...
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&Dprofit =/= revenueI 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 reading1 more...1 more...
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 reading1 more...
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