Quote:
Originally Posted by Abecedary
Yep. Amazon was in business for something like 6 or 7 years before they ever made a profit. Jeff Bezos said a number of times that it would happen eventually, but that profitability wasn't one of their goals at the start. They just needed to outlast the competition by undercutting them. And it worked.
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No, not exactly. Amazon was making a huge amount of money, but they were also spending a huge amount of money to grow, and that's why they weren't making a profit in the early years. It wasn't because they were selling their books at a loss.