Amazon would absolutely take a loss on certain products in order to dominate the category, squeeze out competitors and then bring the price back up. It's one of the reasons they're so dominant in general now. Also one of the reasons why Amazon Basics has basically everything that exists and they're usually at or near the top of their respective categories -- third-party sellers simply can't compete.
How long did AMZN do it for?
Amazon lost a cumulative 2.8 billion over their first 17 quarters.
So if you're asking about time, then amazon stopped a lot faster. OpenAI is 40 quarters old.
If you are asking about money, then amazon... also stopped a lot faster. OpenAI is losing money comparable to amazon's lifetime losses every quarter.
I don’t think Amazon did that…?
Amazon was pretty famous for never actually posting a profit for their first ~10 years of operation
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Amazon would absolutely take a loss on certain products in order to dominate the category, squeeze out competitors and then bring the price back up. It's one of the reasons they're so dominant in general now. Also one of the reasons why Amazon Basics has basically everything that exists and they're usually at or near the top of their respective categories -- third-party sellers simply can't compete.
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