Quote:
Originally Posted by Visuddhi
Amazon became popular at the beginning because people could buy basically any book they wanted, and it was delivered straight to their door.
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Amazon became popular because they operated at a loss for the first few years, selling books at impossibly low prices. Word spread quickly.
THEN once they had popularity, and proved themselves with service and selection, they raised prices to sustainable levels and became profitable.
I wish I was smart enough to buy stock back then.