Quote:
Originally Posted by JSH
Amazon has been profitable since 2009. Their recent spike in profits is from their AWS division. The retail business is still basically break-even. That is not surprising as retail has VERY low margins, lower than even making cars.
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In that case it took Amazon 15 years to be profitable (founded in 1994).
https://en.wikipedia.org/wiki/Amazon_(company)
Which is in line with Tesla (founded in 2003).
https://en.wikipedia.org/wiki/Tesla,_Inc.