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by cm2012 1894 days ago
Someone once described Amazon as essentially a charity since they didn't take profits for shareholders in the first 20 years of their existence even though they could have. Even now they still reinvest most profits into capex.
2 comments

"non-profit" would be at least appropriate for your point, "charity" definitely not. Those two terms are not actually synonyms.

But even with non-charity non-profit, Bezos wouldn't be so wealthy. Still, that's not your point. Your point is that it operates in a way to advance its business activities rather than to distribute profits, and that's largely true.

Someone needs to read up on both the definition of charity and the definition of 'essentially'