|
|
|
|
|
|
by 300bps
2545 days ago
|
|
|
Not really. They were profitable, they just invested heavily in infrastructure (warehouses) and developing new services (AWS). Amazon lost about $2 billion in their first six years of operations. And Walmart's online presence would be profitable now if they weren't investing heavily in infrastructure (20 fulfillment centers trying to catch up to Amazon's 110) and new services (online catalog to match Amazon's). |
|
|