[easyfrag]

What I'd like to know is how Bezos convinced investors & shareholders to accept those razor thin margins and profits for all those years. I get the growth argument, but we're into 20 years since its IPO and it's only lately that we're seeing profits.

[_rpd]

Formally declaring a profit just results in a higher tax bill. Better to reinvest in R&D if you can keep the growth rate up. AMZN was < $40 in 2008, now it is pushing $1000. That's why shareholders are happy to let Bezos keep reinvesting.

[zkanter]

(Gross) margins were never razor thin - this is a myth.