this post was submitted on 03 Nov 2023
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[–] ultratiem@lemmy.ca 31 points 2 years ago* (last edited 2 years ago) (6 children)

What’s even wilder is that Amazon made no profit for the first 20 years of its existence, something the Feds claim makes Amazon even more dangerous as they spent considerable time building their network and have now turned on full money making mode.

[–] beevoid@lemmy.world 1 points 2 years ago (4 children)

Do you mean Amazon the website? Surely they were making money somehow…

[–] CaptainBuckleroy@lemm.ee 6 points 2 years ago

It means for the first 20 years they spent all of their profit on expansion / R&D

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