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re: WSJ - Amazon is about to announce their own smartphone
Posted on 4/11/14 at 7:28 pm to Chris Farley
Posted on 4/11/14 at 7:28 pm to Chris Farley
quote:
Is my sarcasm meter broken? They're a publicly traded company, they care about profits.
Yes they are publicly traded but they do not care about profits. They are really the only company I can ever think of that has had hypergrowth for 20 years and never turned a profit. ALL they care about it growth.
2
Posted on 4/11/14 at 8:05 pm to lsu480
quote:
Yes they are publicly traded but they do not care about profits. They are really the only company I can ever think of that has had hypergrowth for 20 years and never turned a profit. ALL they care about it growth.
Yea I think he misunderstood what you were saying. Amazon could turn a huge profit if they wanted to. However, like you mentioned, they chose to reinvest 99% of their profits into growth and development.
It's why they're gonna rule the world one day.
Posted on 4/11/14 at 10:24 pm to lsu480
quote:
hey are publicly traded but they do not care about profits. They are really the only company I can ever think of that has had hypergrowth for 20 years and never turned a profit. ALL they care about it growth.
100% truth. bezos just unloads that stock
they lose so much frickin money on prime
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