Amazon opened for business in 1995 and did not turn a profit until 2001. I remember the folks who said that Jeff Bezos was out of his head for pursuing a strategy that concentrated on getting all of his very expensive ducks in a row instead of immediate profitability.
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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:
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