ongoing by Tim Bray · Amazon Q4 2022 Financials
Why is this business structure considered rational? And why is it legal for Amazon to be the prime competitor of the economy’s whole retail sector while not having to make a profit?
Why indeed.
@wfm is the lack of profitability an accounting wheeze to avoid paying tax?
Question still applies, of course.
@leonp No idea. As someone said, profit is an opinion, cash is a fact. What would be interesting is what the retail business would look like it it had to operate on its own.