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My apologies for being overly simplistic. I was referring to the fact that Amazon has only rarely reported a profit, and indeed seems loathe to do so. They're an interesting company. They recently reported a miniscule profit compared to revenue, and their stock soared. They've reported losses more often then not... and their stock still goes up. The markets seem to be banking on them reporting profits (and quite large ones) at some point in the future, but they're very forgiving as to when. I find myself wondering when the tipping point will come, and if I'll be around to see it. (Hope so. Should be interesting.)
I'm glad I'm not a stock broker. None of this makes any sense to me. (I'm not saying it doesn't make sense, only that my brain doesn't seem wired to figure all of it out.)
I'm not characterizing the difference as a lack of desire for profit. I'm saying I can understand the reluctance of an industry that is based on substantial profit margins to not fully trust a company that has a model of using much smaller margins to chase continual growth. Sooner or later, the amount of growth will stop, and if you've lost all bargaining clout as to what your goods are worth, where are you then?
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