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kleinbl00 · 4099 days ago · link · · parent · post: Amazon Stock May Be Up, but the Company Still Doesn’t Make Any Money
FTA:The company, first founded in 1994, still doesn’t make any money. In the third quarter, it reported a $41 million net loss.
Historically speaking, it is rare for a company to be in hypergrowth mode when it is nearly 20 years old and has annual sales of about $65 billion. That’s why investors love Amazon. But historically speaking, it’s also very rare for a company that has been around for 20 years—large or small—not to make money, to run on margins so thin that they can easily be eaten up by interest cost, or capital expenditures, or the loss of value in an investment like Living Social. (Amazon.com had to write down its investment in the daily deal company by $169 million in the most recent quarter.)