Amazon.com keeps adding to the black hole.
October 3, 2000 4:37 PM Subscribe
Amazon.com keeps adding to the black hole. Looks like Amazon.com has taken a page from the Government's "running the country" book - they keep throwing money at a black hole instead of restructuring what they already have.
Amazon could be profitable in a minute. It's a choice they make not to be. They have good revenues, but are sticking with their questionable plan to be the first one to get into each area in a big way. And they pay too much to recruit customers on a per customer basis in order to see that plan through.
I happen to think that those choices might not be the best ones. But it's not my company, and I don't have the same data they have. So I don't know for sure.
But make no mistake - if they chose to be (or their investors forced them to be through stock market discipline) they could be profitable in an instant.
posted by mikel at 7:58 AM on October 4, 2000
I happen to think that those choices might not be the best ones. But it's not my company, and I don't have the same data they have. So I don't know for sure.
But make no mistake - if they chose to be (or their investors forced them to be through stock market discipline) they could be profitable in an instant.
posted by mikel at 7:58 AM on October 4, 2000
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posted by mr_stru at 5:52 AM on October 4, 2000