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Amazon does have a limited lending feature. First, there are only certain books that may be loaned out to another person. The book itself is limited if it may be loaned. It may only be loaned to ONE other person and may only be loaned for a limited two week period. It may not be loaned out a second time.
Folks with a common account (they share the credit account linked to book purchases) may all read the same book. There are limited to how many folks can be on the same account and there may even be limited on how many can read the book at one time.
And, of course, you can loan them your physical kindle.
(I'm not sure if the lend feature is available on the older kindles)
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