Amazon is a private enterprise and its profit is soaring, which means this is simply a non-issue. I thought HN knew how free markets worked but I guess not.
Amazon's market cap soared when profits were negative. Amazon was building up reputation, logistics, and customer relations. As far as I can tell, they've been torching all of that long-term value for about the past three years.
When were profits negative? AFAIK Amazon.com may lose money but AWS more than makes up for it. Amazon.com is a long game to monopolize retail logistics, which they are just now starting to offer as a service to other retailers, meaning Amazon.com is of less importance.
blagie|2 years ago
That's a huge loss of value.
xkekjrktllss|2 years ago