Quote:
Originally Posted by fjtorres
The reason Amazon makes money off retail is that they minimize the opportunities for error.
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How do we know they make profit off retail? Based on publicly available information, isn't that unknowable? See:
https://www.fool.com/investing/2018/...rofitable.aspx
As for whether Amazon is good for workers, a point of comparison I've mentioned before is A & P, which, at its peak, when the world's largest company, avoided loss leader pricing that could put competitors out of business, and was fine with unionization. Now, it's true that since I first posted something like that here, A & P has gone out of business! However, A & P lasted far longer than a normal US company (1859-2015).
On the other side, Amazon isn't the worst company out there. It has not destroyed book publishing, or even, that I can see, much hurt it. Random House still has, to me, lots of great new products (I mostly read narrative non-fiction.) Contrast the little effect of Amazon on book quality with the effect of Craigslist on the newspaper industry.