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Why Amazon Has No Profits (2014)

37 点作者 atomicnature超过 1 年前

8 条评论

NiekvdMaas超过 1 年前
This article is of 2014. Note at the bottom:<p>&gt; January 2021 &gt; The essay above is now rather old, and amongst other things, it was written before Amazon started disclosing financials for AWS and for Marketplace. I wrote about that here, and have written a few other things about Amazon as well.
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A_Duck超过 1 年前
Many nation-scale systems are self regulating and past a certain point of growth new factors kick-in. When environmental protestors are talking about your brand specifically; When political parties take notice of your impact on voters; When social movements identify you specifically.<p>The British East India Company became too much like a government and had to be nationalised<p>Countries based their foreign policy around unseating General Motors<p>Standard Oil was directly regulated out of existence<p>They were sensible enough to take some profits while times were good
arvinjoar超过 1 年前
If you&#x27;re playing Terraforming Mars you want to build your &quot;engine&quot;, in terms of resources or points generated per turn. The usual way to achieve this efficiently is to use up as much of your current resources as possible, so that they can compound over the course of the game. An innovative company should thus have costs exceeding revenue, as the costs should lead to future profits. It&#x27;s of course possible to have costs that do not end up generating any kind of profit, but it would be a bit strange to see a company that has valuable ways to deploy capital simply refuse to do so
kazinator超过 1 年前
Accounting trick to reduce tax.
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picadores超过 1 年前
So did the investors recover there investments, or did ali baba devalue them by copying to fast? Is venture capital just stupid money paving the way for those who come after it and dont&#x27; have to pay the learning dues? In a world where all that remains viable is to become a game-theory parasite waiting on a tree-branch, betting on thrust-busting never to resume, what happens to the innovator?
2OEH8eoCRo0超过 1 年前
&gt; building the Sears Roebuck of the 21st Century.<p>Sears Roebuck failed. I&#x27;m starting to wonder if Sears Roebuck didn&#x27;t fail by not innovating but perhaps the business is not very lucrative and it doesn&#x27;t matter who tries. Retail, even at scale, is not wildly profitable- not in the $billions we come to expect from SV software companies.<p>Sears didn&#x27;t have AWS
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pinewurst超过 1 年前
(2014)
thiago_fm超过 1 年前
Some businesses end up having the blessing of almost infinite expansion.<p>Amazon ended up being one of them as it is in the commerce business.<p>Also, Amazon has been able to increase its bottom line lately and will likely increase its rate of improvement moving forward.
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