Discover more from Just the Facts with Gerald Posner
Amazon. A larger loss than expected. When will they earn a profit??
I understand that Amazon is great. I order from it regularly. And every quarter it pushes up its revenues. Now it brings in about $13 billion a quarter. But it isn't making money. All the analysts, who justify the current zero profit as necessary for Amazon to build up its infrastructure, don't explain how they are going to make the money to justify their high stock price. Raising prices? That wouldn't work very well. It will be interesting to watch it play out, but at some point Amazon is going to have to start making a profit....Read