Quote:
Originally Posted by fjtorres
In 2010 they had net income of over $1B...
http://www.internetretailer.com/2011...fits-boom-2010
...and promptly launched a $2B stock buyback followed by a massive infrastructure investment effort.
Amazon is operating at breakeven/minimal loss by *choice*, not because they are incapable of making a profit. |
Perhaps. But we're still talking profit of $1.15 B on sales of $34 B.
In the same year, Google had profit of $8.5 B on revenue of $29 B.