Quote:
Originally Posted by heySkippy
And it's a problem that they don't make very much money. They've got legions of fans because they sell cheap and have great customer service, but there's going to be a shareholder revolt if they don't figure out how to to turn that into better profits.
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It's not *generally* true that they don't make much money; as recently as 2 or 3 years ago they were making record profits. They've just barely made a profit the last couple of years due to expenses relating to expansion - opening distribution warehouses, but also developing new technology.
3 years ago, Amazon's stock was at 80. Now it's at 260. I don't think stockholders are complaining. (And Bezos is by far the largest shareholder).
Now whether people should be buying Amazon at that price is a different question.