Amazon Reports Substantial Loss And Warns Of Upcoming Massive Loss
A Ponzi scheme written of on here many times. But we reward incompetence in our centrally-planned financial system and society.
Finally, someone publicly quoted as stating it’s pretty hard to lose money on $20 billion in sales. Well, that’s not actually true. It would be like me selling cars for $5,000 that cost $10,000 to make. Obviously, I’m going to report massive revenue growth as I am successful at selling those cars.
If Amazon can string together three or four of these big losses, it will be teetering on the precipice. As noted on here in the past, another too big to fail dinosaur likely headed for extinction. And, like all of the others, they’ll probably be standing in line for a bailout soon enough. But no bailout for you. Just for crony capitalism.