Comment by abtinf
20 hours ago
Amazon was wildly profitable on a unit cost basis from relatively early on. They didn’t show profits on paper because they reinvested everything into their capital buildout to reduce costs even more.
20 hours ago
Amazon was wildly profitable on a unit cost basis from relatively early on. They didn’t show profits on paper because they reinvested everything into their capital buildout to reduce costs even more.
I thought Amazon was selling quite a few items at a loss to undercut competition early on?
They did in some instances, not all.
A notable example where they ate $ millions in losses is the Diapers.com story [1] [2].
[1]: https://slate.com/technology/2013/10/amazon-book-how-jeff-be...
[2]: https://arstechnica.com/tech-policy/2020/07/emails-detail-am...