superchunk on 29 November 2017
| VGPolyglot said: Is Amazon even profitable? How is its estimated value so high? |
Yes it is profitable. That is how it buys Whole Foods for Billions as well as other companies in the past or hiring over 100K new employees this year or building a 2nd head quarters, etc.
The thing most people ignore when looking at Amazon's financial statements is that Amazon doesn't horde its cash and revenues to make investors happy. Instead, it reinvests in itself, its employees, and its product expansion to drive the flywheel. (google amazon flywheel) That is the number one reason why Amazon has continued to grow YoY so exponentially.
