Amazon is often criticized by the media for bad working conditions, abusing tax loopholes, and low pay.
Amazon is often criticized by the media for bad working conditions, abusing tax loopholes, and low pay.
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This is nothing new. In fact, Amazon’s retail business has struggled to achieve profitability for its entire lifetime.
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It turns out that delivering virtually anything to anyone in the world at a record pace is extremely expensive.
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After over two decades, Amazon was finally able to achieve profitability in 2017 and 2018, but as of the last quarter, Amazon’s retail business has slipped back into burning money.
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Fortunately, Amazon has a cash cow that’s able to make up for these losses called AWS which is a cloud infrastructure service.
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Amazon stock has always been priced as a growth company that would eventually become super profitable.But, it seems that Amazon will never really grow much past being a low-margin business like most other retailers.