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Originally Posted by Red Alert
It's amazing how companies can loose money year after year and still stay in business. Look to Amazon as an example. Do they now make a real profit?
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Most definitely, and they have been doing so for a while.
From Wiki:
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Amazon's initial business plan was unusual: the company did not expect a profit for four to five years. Its "slow" growth provoked stockholder complaints that the company was not reaching profitability fast enough. When the dot-com bubble burst, and many e-companies went out of business, Amazon persevered, and finally turned its first profit in the fourth quarter of 2001: $5 million or 1¢ per share, on revenues of more than $1 billion, but the modest profit was important in demonstrating the business model could be profitable.
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While I don't have a year on year breakdown for the periods in between, I assume that they have been profitable ever since, which would mean 10 straight years of profitability. I don't recall reading about them incurring a net loss in years.
Their net income for 2010 was over $1.1 billion.